Amalgamated Bank raised its stake in Invitation Homes Inc (NYSE:INVH) by 254.4% in the 4th quarter, Holdings Channel reports. The firm owned 56,235 shares of the company’s stock after buying an additional 40,367 shares during the quarter. Amalgamated Bank’s holdings in Invitation Homes were worth $1,325,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of INVH. North Star Investment Management Corp. purchased a new stake in shares of Invitation Homes in the fourth quarter worth approximately $110,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Invitation Homes during the fourth quarter valued at approximately $111,000. Advisory Services Network LLC purchased a new stake in shares of Invitation Homes during the fourth quarter valued at approximately $114,000. American International Group Inc. purchased a new stake in shares of Invitation Homes during the fourth quarter valued at approximately $145,000. Finally, KBC Group NV purchased a new stake in shares of Invitation Homes during the fourth quarter valued at approximately $157,000.
A number of analysts recently commented on INVH shares. B. Riley set a $26.00 price target on Invitation Homes and gave the company a “buy” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. started coverage on Invitation Homes in a research report on Tuesday, December 12th. They set an “overweight” rating for the company. Mizuho reaffirmed a “buy” rating and set a $25.00 price target on shares of Invitation Homes in a research report on Tuesday, February 27th. Citigroup started coverage on Invitation Homes in a research report on Friday, December 8th. They set a “buy” rating and a $27.00 price target for the company. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price target on shares of Invitation Homes in a research report on Wednesday, November 29th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.56.
Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. The business had revenue of $329.95 million during the quarter, compared to analyst estimates of $330.16 million. The firm’s revenue for the quarter was up 40.7% on a year-over-year basis. equities research analysts predict that Invitation Homes Inc will post 1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.94%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, February 12th. Invitation Homes’s dividend payout ratio is -146.67%.
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Invitation Homes Company Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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