Commerzbank Aktiengesellschaft FI Has $366,000 Position in Invitation Homes Inc. (NYSE:INVH)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,495 shares of the company’s stock after buying an additional 608 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Invitation Homes were worth $366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after buying an additional 4,883,564 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after buying an additional 1,089,281 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after buying an additional 997,353 shares during the period. National Bank of Canada FI lifted its holdings in Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after buying an additional 780,760 shares during the period. Finally, FMR LLC lifted its holdings in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $34.09 on Thursday. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. The business has a 50-day simple moving average of $31.59 and a 200 day simple moving average of $33.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is currently 158.90%.

Analyst Upgrades and Downgrades

Several brokerages have commented on INVH. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.53.

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.