The Manufacturers Life Insurance Company Has $11.57 Million Stake in Invitation Homes Inc. (NYSE:INVH)

The Manufacturers Life Insurance Company cut its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,777 shares of the company's stock after selling 39,383 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Invitation Homes worth $11,566,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of INVH. Cohen & Steers Inc. lifted its stake in shares of Invitation Homes by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after acquiring an additional 1,019,377 shares during the last quarter. Norges Bank acquired a new stake in Invitation Homes in the 4th quarter valued at $1,646,794,000. Geode Capital Management LLC increased its holdings in Invitation Homes by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock worth $480,276,000 after purchasing an additional 365,954 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on INVH shares. Barclays reaffirmed an "overweight" rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Oppenheimer increased their price objective on Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Raymond James decreased their price target on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group upped their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Invitation Homes presently has an average rating of "Hold" and a consensus target price of $37.59.

Invitation Homes Price Performance

Shares of Invitation Homes stock traded up $0.01 during trading on Wednesday, hitting $34.91. 2,519,153 shares of the company were exchanged, compared to its average volume of 3,304,744. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The firm has a 50 day moving average price of $33.65 and a 200 day moving average price of $32.84. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 49.17, a P/E/G ratio of 4.70 and a beta of 0.87. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. On average, equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is 150.65%.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.