Timbercreek Investment Management Inc. trimmed its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 44.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,465 shares of the company’s stock after selling 308,474 shares during the quarter. Invitation Homes comprises about 4.6% of Timbercreek Investment Management Inc.’s investment portfolio, making the stock its 7th largest holding. Timbercreek Investment Management Inc. owned approximately 0.13% of Invitation Homes worth $8,891,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Bristol John W & Co. Inc. NY bought a new position in Invitation Homes in the 1st quarter valued at about $112,000. Advisory Services Network LLC bought a new position in Invitation Homes in the 4th quarter valued at about $114,000. American International Group Inc. bought a new position in Invitation Homes in the 4th quarter valued at about $145,000. KBC Group NV bought a new position in Invitation Homes in the 4th quarter valued at about $157,000. Finally, PNC Financial Services Group Inc. increased its holdings in Invitation Homes by 115.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,980 shares of the company’s stock valued at $160,000 after buying an additional 3,740 shares during the period.
INVH opened at $22.33 on Wednesday. Invitation Homes Inc has a 1-year low of $20.25 and a 1-year high of $24.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $11.69 billion, a PE ratio of 85.58, a P/E/G ratio of 3.24 and a beta of -0.51.
Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Monday, May 14th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.31). Invitation Homes had a negative net margin of 6.50% and a negative return on equity of 1.31%. The company had revenue of $423.70 million during the quarter, compared to analyst estimates of $415.58 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 77.4% on a year-over-year basis. analysts expect that Invitation Homes Inc will post 1.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.97%. Invitation Homes’s payout ratio is currently 169.23%.
INVH has been the topic of several recent analyst reports. B. Riley initiated coverage on shares of Invitation Homes in a report on Monday, March 12th. They issued a “buy” rating and a $26.00 target price on the stock. Mizuho reissued a “buy” rating and issued a $25.00 target price on shares of Invitation Homes in a report on Tuesday, February 27th. Zacks Investment Research raised shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, April 18th. TheStreet lowered shares of Invitation Homes from a “c-” rating to a “d+” rating in a report on Wednesday, June 13th. Finally, Zelman & Associates lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.65.
About Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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