Allstate Corp Raises Holdings in Invitation Homes Inc. (NYSE:INVH)

Allstate Corp boosted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 135,750 shares of the company's stock after acquiring an additional 27,542 shares during the quarter. Allstate Corp's holdings in Invitation Homes were worth $4,340,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. DnB Asset Management AS raised its holdings in Invitation Homes by 2.5% in the 4th quarter. DnB Asset Management AS now owns 102,931 shares of the company's stock worth $3,291,000 after purchasing an additional 2,536 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Invitation Homes by 32.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,847 shares of the company's stock valued at $315,000 after purchasing an additional 2,386 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Invitation Homes by 3.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 932,807 shares of the company's stock worth $29,822,000 after purchasing an additional 35,214 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Invitation Homes in the 4th quarter worth about $7,885,000. Finally, Norges Bank acquired a new position in shares of Invitation Homes during the fourth quarter valued at approximately $1,646,794,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of Invitation Homes stock remained flat at $34.55 during trading hours on Wednesday. 1,558,026 shares of the stock traded hands, compared to its average volume of 3,280,177. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company's fifty day moving average price is $32.58 and its 200-day moving average price is $33.09. The firm has a market cap of $21.17 billion, a P/E ratio of 48.66, a P/E/G ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

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Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. JMP Securities restated a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and decreased their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of "Hold" and a consensus target price of $37.47.

Invitation Homes Company 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.