Fmr LLC Has $601.81 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

FMR LLC boosted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,824,223 shares of the company's stock after purchasing an additional 10,479 shares during the period. FMR LLC owned 3.07% of Invitation Homes worth $601,810,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its position in 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 purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after buying an additional 378 shares during the last quarter. Allworth Financial LP raised its position in Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes during the fourth quarter valued at approximately $48,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Up 1.7 %

Shares of NYSE:INVH traded up $0.53 during trading on Monday, hitting $32.65. 461,661 shares of the company's stock were exchanged, compared to its average volume of 3,325,336. The firm has a 50-day moving average price of $32.90 and a two-hundred day moving average price of $32.83. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The firm has a market cap of $20.01 billion, a P/E ratio of 45.99, a PEG ratio of 4.70 and a beta of 0.86. 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 (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Equities analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.55%. The ex-dividend date is Thursday, March 27th. Invitation Homes's payout ratio is 158.90%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INVH. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price target 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. Deutsche Bank Aktiengesellschaft downgraded 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 note on Tuesday, January 21st. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Raymond James reduced their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.38.

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.