APG Asset Management N.V. Acquires Shares of 314,100 Invitation Homes Inc. (NYSE:INVH)

APG Asset Management N.V. acquired a new stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 314,100 shares of the company's stock, valued at approximately $9,698,000. APG Asset Management N.V. owned 0.05% of Invitation Homes at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in shares of Invitation Homes by 1,394.8% in the 4th quarter. Renaissance Technologies LLC now owns 763,583 shares of the company's stock valued at $24,412,000 after acquiring an additional 712,500 shares during the period. Bank of Nova Scotia increased its position in shares of Invitation Homes by 47.8% during the fourth quarter. Bank of Nova Scotia now owns 110,846 shares of the company's stock valued at $3,544,000 after acquiring an additional 35,867 shares during the last quarter. Bank of Montreal Can raised its holdings in Invitation Homes by 0.7% in the fourth quarter. Bank of Montreal Can now owns 577,878 shares of the company's stock valued at $18,475,000 after acquiring an additional 3,761 shares in the last quarter. Unigestion Holding SA acquired a new position in Invitation Homes in the fourth quarter valued at $895,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Invitation Homes during the 4th quarter worth approximately $1,109,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Up 0.8 %

Invitation Homes stock traded up $0.27 during midday trading on Wednesday, reaching $33.24. The company's stock had a trading volume of 733,031 shares, compared to its average volume of 3,336,459. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The company has a market cap of $20.37 billion, a P/E ratio of 46.82, a P/E/G ratio of 4.70 and a beta of 0.86. 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 business has a 50-day simple moving average of $32.95 and a 200-day simple moving average of $32.82.

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 (EPS) 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 company had revenue of $659.13 million for the quarter, compared to analysts' expectations of $658.71 million. On average, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INVH. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Raymond James lowered their price target on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.38.

About Invitation Homes

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.