Capital World Investors Acquires Shares of 153,000 Invitation Homes Inc. (NYSE:INVH)

Capital World Investors bought a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 153,000 shares of the company's stock, valued at approximately $4,891,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. grew its holdings in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares in the last quarter. Centersquare Investment Management LLC increased its position in shares of Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the period. Cohen & Steers Inc. raised its stake in Invitation Homes by 1.7% in the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Invitation Homes by 1,394.8% during the fourth quarter. Renaissance Technologies LLC now owns 763,583 shares of the company's stock worth $24,412,000 after purchasing an additional 712,500 shares during the period. 96.79% of the stock is owned by institutional investors.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.44 on Tuesday. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The stock has a fifty day simple moving average of $33.10 and a two-hundred day simple moving average of $32.77. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80.

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

Invitation Homes Dividend Announcement

The firm also recently declared 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is currently 158.90%.

Analysts Set New Price Targets

Several research analysts have commented on INVH shares. Keefe, Bruyette & Woods boosted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Raymond James cut their price objective on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Barclays reissued an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of 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 report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $37.38.

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.

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