Catalyst Funds Management Pty Ltd Increases Stock Position in Invitation Homes Inc. (NYSE:INVH)

Catalyst Funds Management Pty Ltd lifted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 1,700.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,200 shares of the company's stock after acquiring an additional 23,800 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Invitation Homes were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of 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 acquiring an additional 329 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC grew its position in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the period. Assetmark Inc. grew its position in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after purchasing an additional 1,232 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Invitation Homes in the 3rd quarter worth approximately $49,000. Institutional investors own 96.79% of the company's stock.

Remove Ads

Invitation Homes Price Performance

Shares of Invitation Homes stock traded down $0.20 during trading hours on Wednesday, reaching $33.84. The company's stock had a trading volume of 2,327,649 shares, compared to its average volume of 3,066,993. The firm has a 50 day moving average price of $31.97 and a 200-day moving average price of $33.24. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $20.73 billion, a P/E ratio of 47.66, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting 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%. On average, analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. Invitation Homes's dividend payout ratio is currently 158.90%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INVH. JMP Securities reissued a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Finally, Barclays reissued an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Invitation Homes presently has an average rating of "Hold" and an average target price of $37.65.

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.