Pacer Advisors Inc. Acquires 1,841 Shares of Invitation Homes Inc. (NYSE:INVH)

Pacer Advisors Inc. raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,784 shares of the company’s stock after purchasing an additional 1,841 shares during the period. Pacer Advisors Inc.’s holdings in Invitation Homes were worth $1,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ grew its stake in Invitation Homes by 1.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 120,824 shares of the company’s stock valued at $4,336,000 after buying an additional 1,700 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after acquiring an additional 128,000 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Invitation Homes by 16.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,558 shares of the company’s stock worth $128,000 after acquiring an additional 494 shares during the period. Intech Investment Management LLC grew its position in shares of Invitation Homes by 30.2% in the second quarter. Intech Investment Management LLC now owns 28,393 shares of the company’s stock valued at $1,019,000 after purchasing an additional 6,581 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co raised its stake in shares of Invitation Homes by 7.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 59,931 shares of the company’s stock valued at $2,151,000 after purchasing an additional 4,171 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on INVH. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Finally, UBS Group upped their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $35.01 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a 52-week low of $28.49 and a 52-week high of $37.80. The company has a fifty day moving average of $35.81 and a 200-day moving average of $35.25. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). The business had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.20%. Invitation Homes’s dividend payout ratio (DPR) is currently 128.74%.

About Invitation Homes

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.