Invitation Homes Inc. (NYSE:INVH) is Centersquare Investment Management LLC's 5th Largest Position

Centersquare Investment Management LLC grew its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,898,533 shares of the company's stock after purchasing an additional 3,870,432 shares during the quarter. Invitation Homes makes up about 4.4% of Centersquare Investment Management LLC's holdings, making the stock its 5th biggest position. Centersquare Investment Management LLC owned 2.11% of Invitation Homes worth $412,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted 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 valued at $117,000 after purchasing an additional 2,344 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in Invitation Homes in the third quarter valued at approximately $263,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after acquiring an additional 31,184 shares during the period. HighTower Advisors LLC grew 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 during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Invitation Homes in the 4th quarter valued at $595,000. Institutional investors and hedge funds own 96.79% of the company's stock.

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Analyst Ratings Changes

INVH has been the subject of a number of recent research reports. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Barclays reissued an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.47.

Invitation Homes Price Performance

Shares of NYSE INVH traded down $1.50 on Friday, hitting $32.49. The company's stock had a trading volume of 4,671,287 shares, compared to its average volume of 3,309,068. The stock has a 50 day moving average of $32.84 and a 200-day moving average of $33.02. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month 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.

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

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 158.90%.

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.