Geode Capital Management LLC Has $480.28 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Geode Capital Management LLC grew its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,059,390 shares of the company's stock after purchasing an additional 365,954 shares during the period. Geode Capital Management LLC owned about 2.46% of Invitation Homes worth $480,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its stake 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 worth $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares during the last quarter. Allworth Financial LP boosted its holdings in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new stake in Invitation Homes in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the company from $41.00 to $33.00 in a report 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. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $37.47.

Invitation Homes Price Performance

Shares of INVH stock traded up $1.78 during mid-day trading on Wednesday, reaching $32.31. The company's stock had a trading volume of 5,029,316 shares, compared to its average volume of 3,331,475. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm's 50-day moving average is $32.88 and its two-hundred day moving average is $32.90. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The company has a market cap of $19.80 billion, a P/E ratio of 45.51, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.47. The company had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

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.