American Century Companies Inc. Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

American Century Companies Inc. grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,242,939 shares of the company's stock after acquiring an additional 396,319 shares during the period. American Century Companies Inc. owned about 0.20% of Invitation Homes worth $39,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of INVH. Lindbrook Capital LLC grew its holdings in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares in the last quarter. Allworth Financial LP grew its stake in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares during the period. Finally, Center for Financial Planning Inc. purchased a new stake in Invitation Homes in the 4th quarter worth approximately $48,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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Invitation Homes Trading Down 1.0 %

INVH traded down $0.35 during trading hours on Tuesday, reaching $34.50. 2,798,428 shares of the company's stock traded hands, compared to its average volume of 3,286,464. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $33.09. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The firm has a market capitalization of $21.14 billion, a PE ratio of 48.60, a PEG ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INVH. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. Barclays reissued an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.