APG Asset Management US Inc. Has $530.68 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

APG Asset Management US Inc. lowered its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,599,146 shares of the company's stock after selling 212,612 shares during the period. Invitation Homes comprises about 4.0% of APG Asset Management US Inc.'s portfolio, making the stock its 9th biggest position. APG Asset Management US Inc. owned about 2.71% of Invitation Homes worth $530,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after purchasing an additional 2,344 shares during the period. Orion Portfolio Solutions LLC bought a new stake in shares of Invitation Homes during the third quarter valued at approximately $263,000. Charles Schwab Investment Management Inc. raised its position in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after purchasing an additional 31,184 shares during the period. HighTower Advisors LLC increased its position in shares of Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock worth $2,508,000 after acquiring an additional 61,973 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Invitation Homes during the 4th quarter valued at about $595,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INVH has been the subject of several research analyst reports. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price target 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. Raymond James dropped their price objective on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has an average rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Stock Up 0.7 %

Shares of INVH traded up $0.23 during mid-day trading on Monday, reaching $32.35. The company had a trading volume of 907,469 shares, compared to its average volume of 3,327,131. 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 has a market capitalization of $19.83 billion, a price-to-earnings ratio of 45.56, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The firm has a 50-day moving average price of $32.90 and a 200 day moving average price of $32.83. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80.

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

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders 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 dividend yield of 3.59%. The ex-dividend date is Thursday, March 27th. Invitation Homes's payout ratio is 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.