TD Asset Management Inc Cuts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

TD Asset Management Inc trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,184 shares of the company’s stock after selling 1,975 shares during the period. TD Asset Management Inc’s holdings in Invitation Homes were worth $6,886,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Invitation Homes by 3.3% during the first quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock valued at $3,481,574,000 after purchasing an additional 2,784,696 shares during the last quarter. Norges Bank bought a new position in Invitation Homes during the fourth quarter valued at $1,127,108,000. State Street Corp lifted its position in Invitation Homes by 12.8% during the first quarter. State Street Corp now owns 29,070,728 shares of the company’s stock valued at $1,168,062,000 after purchasing an additional 3,310,121 shares during the last quarter. Geode Capital Management LLC lifted its position in Invitation Homes by 2.2% during the first quarter. Geode Capital Management LLC now owns 13,424,395 shares of the company’s stock valued at $418,370,000 after purchasing an additional 284,479 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Invitation Homes by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,571,241 shares of the company’s stock valued at $267,674,000 after purchasing an additional 167,995 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the subject of several research reports. Evercore ISI lowered their price objective on shares of Invitation Homes from $37.00 to $35.00 in a research report on Monday, October 9th. Oppenheimer upgraded shares of Invitation Homes from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a report on Monday, October 30th. BTIG Research lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating in a report on Thursday, August 17th. Raymond James decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Finally, HSBC assumed coverage on shares of Invitation Homes in a report on Friday, September 29th. They set a “buy” rating and a $38.00 price objective for the company. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.26.

Invitation Homes Stock Down 0.1 %

NYSE:INVH opened at $33.50 on Tuesday. The company has a market cap of $20.50 billion, a PE ratio of 42.41, a P/E/G ratio of 4.21 and a beta of 0.93. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $32.10 and its two-hundred day moving average is $33.53.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $617.70 million during the quarter, compared to analysts’ expectations of $614.21 million. Invitation Homes had a net margin of 20.52% and a return on equity of 4.77%. Analysts anticipate that Invitation Homes Inc. will post 1.75 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, November 6th. Invitation Homes’s dividend payout ratio (DPR) is presently 131.65%.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.