Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 38.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,222 shares of the company's stock after purchasing an additional 89,146 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Invitation Homes worth $10,237,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its stake in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company's stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC lifted its holdings in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after purchasing an additional 753,464 shares during the period. Daiwa Securities Group Inc. boosted its position in Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after buying an additional 31,184 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after buying an additional 1,089,281 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

INVH has been the topic of a number of analyst reports. Barclays reaffirmed an "overweight" rating and set a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods raised their price target 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. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $37.56.

Invitation Homes Trading Up 0.8 %

INVH stock traded up $0.28 during trading on Wednesday, reaching $34.35. 1,999,864 shares of the stock were exchanged, compared to its average volume of 3,065,022. 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 firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 48.37, a P/E/G ratio of 4.70 and a beta of 1.03. The business has a 50 day moving average price of $32.31 and a 200-day moving average price of $33.14. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

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

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) 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.