Canada Pension Plan Investment Board Has $567.60 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Canada Pension Plan Investment Board increased its stake in Invitation Homes Inc. (NYSE:INVH) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,814,912 shares of the company’s stock after buying an additional 128,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 2.58% of Invitation Homes worth $567,597,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cohen & Steers Inc. boosted its holdings in shares of Invitation Homes by 1.3% in the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after buying an additional 1,008,392 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Invitation Homes by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after purchasing an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Invitation Homes by 4.7% during the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after purchasing an additional 384,564 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Invitation Homes by 66.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. Finally, PGGM Investments lifted its holdings in Invitation Homes by 4.9% during the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after purchasing an additional 232,012 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.5 %

Shares of NYSE INVH opened at $36.04 on Friday. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The stock’s fifty day moving average is $35.80 and its 200 day moving average is $35.22. The stock has a market capitalization of $22.08 billion, a P/E ratio of 41.43, a PEG ratio of 4.50 and a beta of 1.01.

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

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s dividend payout ratio is presently 128.74%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INVH shares. UBS Group raised their price target on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday. Scotiabank lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Barclays lowered their price objective on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.10.

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.