Elo Mutual Pension Insurance Co Purchases 4,171 Shares of Invitation Homes Inc. (NYSE:INVH)

Elo Mutual Pension Insurance Co grew its position in Invitation Homes Inc. (NYSE:INVH) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,931 shares of the company’s stock after acquiring an additional 4,171 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Invitation Homes were worth $2,151,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new position in shares of Invitation Homes during the 1st quarter worth about $26,000. UMB Bank n.a. lifted its stake in Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares during the period. Family Firm Inc. acquired a new stake in Invitation Homes during the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in shares of Invitation Homes in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

INVH has been the topic of several recent analyst reports. Evercore ISI boosted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price on the stock. Royal Bank of Canada cut shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $37.00 to $36.00 in a research report on Monday, September 9th. Barclays reduced their price target on shares of 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, Scotiabank decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and a consensus price target of $39.10.

Invitation Homes Trading Up 0.5 %

INVH stock opened at $36.04 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The company has a market cap of $22.08 billion, a P/E ratio of 41.43, a PEG ratio of 4.50 and a beta of 1.01. The business has a fifty day moving average of $35.80 and a 200-day moving average of $35.22.

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

Invitation Homes Dividend Announcement

The firm also recently disclosed 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 3.11%. Invitation Homes’s payout ratio is presently 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.