Cardinal Capital Management LLC CT Acquires New Stake in Invitation Homes Inc (INVH)
Cardinal Capital Management LLC CT bought a new position in Invitation Homes Inc (NYSE:INVH) in the 4th quarter, HoldingsChannel reports. The fund bought 647,484 shares of the company’s stock, valued at approximately $15,261,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. North Star Investment Management Corp. purchased a new stake in Invitation Homes in the fourth quarter worth approximately $110,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Invitation Homes in the fourth quarter worth approximately $111,000. Advisory Services Network LLC purchased a new stake in Invitation Homes in the fourth quarter worth approximately $114,000. American International Group Inc. purchased a new stake in Invitation Homes in the fourth quarter worth approximately $145,000. Finally, KBC Group NV purchased a new stake in Invitation Homes in the fourth quarter worth approximately $157,000.
INVH has been the subject of several research reports. Zacks Investment Research lowered Invitation Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. B. Riley set a $26.00 target price on Invitation Homes and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Deutsche Bank reaffirmed a “buy” rating and issued a $26.00 target price on shares of Invitation Homes in a research note on Wednesday, November 29th. JPMorgan Chase & Co. initiated coverage on Invitation Homes in a research note on Tuesday, December 12th. They issued an “overweight” rating for the company. Finally, Evercore ISI set a $26.00 target price on Invitation Homes and gave the stock an “outperform” rating in a research note on Monday, November 27th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Invitation Homes presently has a consensus rating of “Buy” and an average price target of $25.56.
Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $329.95 million during the quarter, compared to analyst estimates of $330.16 million. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. The business’s revenue for the quarter was up 40.7% on a year-over-year basis. sell-side analysts forecast that Invitation Homes Inc will post 1.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Monday, February 12th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.08. Invitation Homes’s dividend payout ratio is -146.66%.
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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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