Adage Capital Partners GP L.L.C. Has $22.31 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Adage Capital Partners GP L.L.C. lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 697,929 shares of the company's stock after buying an additional 130,929 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.11% of Invitation Homes worth $22,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of INVH. Hsbc Holdings PLC boosted its holdings in Invitation Homes by 25.1% in the fourth quarter. Hsbc Holdings PLC now owns 3,617,193 shares of the company's stock worth $115,410,000 after acquiring an additional 726,762 shares in the last quarter. Beacon Investment Advisors LLC lifted its holdings in shares of Invitation Homes by 5.5% in the 4th quarter. Beacon Investment Advisors LLC now owns 16,090 shares of the company's stock worth $514,000 after purchasing an additional 846 shares in the last quarter. Stifel Financial Corp grew its position in Invitation Homes by 33.3% in the 4th quarter. Stifel Financial Corp now owns 91,288 shares of the company's stock valued at $2,918,000 after purchasing an additional 22,816 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in Invitation Homes by 139.4% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,505,198 shares of the company's stock valued at $48,121,000 after purchasing an additional 876,410 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Invitation Homes by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 168,258 shares of the company's stock worth $5,379,000 after buying an additional 2,094 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

INVH has been the subject of several recent research reports. Raymond James decreased their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Keefe, Bruyette & Woods increased their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Barclays reissued an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.77 on Friday. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.70 billion, a P/E ratio of 47.56, a P/E/G ratio of 4.70 and a beta of 0.86. The company has a 50 day moving average of $33.28 and a 200 day moving average of $32.79.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million for the quarter, compared to analysts' expectations of $658.71 million. As a group, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.44%. Invitation Homes's payout ratio is presently 158.90%.

Invitation Homes Profile

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.

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