Cbre Investment Management Listed Real Assets LLC Grows Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Cbre Investment Management Listed Real Assets LLC increased its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,597,177 shares of the company's stock after buying an additional 44,945 shares during the period. Invitation Homes accounts for 3.2% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 5th largest position. Cbre Investment Management Listed Real Assets LLC owned approximately 0.91% of Invitation Homes worth $178,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC bought a new position in Invitation Homes in the third quarter worth about $263,000. Swedbank AB grew its holdings in Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company's stock worth $20,269,000 after purchasing an additional 115,211 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invitation Homes in the third quarter worth about $3,825,000. HighTower Advisors LLC grew its holdings in Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock worth $2,508,000 after purchasing an additional 61,973 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Invitation Homes in the third quarter worth about $4,876,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

INVH stock traded up $0.20 on Wednesday, hitting $34.09. The company had a trading volume of 3,295,781 shares, compared to its average volume of 3,072,729. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock's 50-day simple moving average is $31.59 and its 200 day simple moving average is $33.41. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its 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. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.40%. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Analyst Ratings Changes

A number of brokerages have weighed in on INVH. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods upped 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. JMP Securities restated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.53.

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.