Cibc World Market Inc. Buys 133,390 Shares of Invitation Home $INVH

Cibc World Market Inc. boosted its position in shares of Invitation Home (NYSE:INVH) by 57.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 364,556 shares of the company’s stock after buying an additional 133,390 shares during the quarter. Cibc World Market Inc.’s holdings in Invitation Home were worth $10,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in Invitation Home by 1,695.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock valued at $33,000 after purchasing an additional 1,068 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Invitation Home by 59.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $36,000 after buying an additional 466 shares during the period. IFP Advisors Inc boosted its position in shares of Invitation Home by 3,219.5% during the second quarter. IFP Advisors Inc now owns 1,361 shares of the company’s stock valued at $45,000 after buying an additional 1,320 shares during the period. Mather Group LLC. bought a new position in shares of Invitation Home during the third quarter valued at approximately $42,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Invitation Home in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the subject of a number of recent analyst reports. Bank of America dropped their price objective on Invitation Home from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Barclays reiterated an “overweight” rating and set a $33.00 target price on shares of Invitation Home in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on shares of Invitation Home from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, November 18th. Evercore decreased their price objective on shares of Invitation Home from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Finally, Morgan Stanley lowered their price objective on shares of Invitation Home from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Invitation Home presently has an average rating of “Moderate Buy” and an average target price of $34.70.

Invitation Home Stock Performance

Shares of Invitation Home stock opened at $26.97 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average price is $26.97 and its 200-day moving average price is $28.43. The firm has a market cap of $16.53 billion, a P/E ratio of 28.38, a P/E/G ratio of 2.92 and a beta of 0.83. Invitation Home has a 12 month low of $25.29 and a 12 month high of $35.80.

Invitation Home Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Tuesday, December 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, December 23rd. This is a boost from Invitation Home’s previous quarterly dividend of $0.29. Invitation Home’s dividend payout ratio is currently 126.32%.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.