Illinois Municipal Retirement Fund Boosts Position in Invitation Homes Inc. (NYSE:INVH)

Illinois Municipal Retirement Fund increased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,877 shares of the company's stock after purchasing an additional 34,281 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Invitation Homes were worth $4,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of 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 acquiring an additional 702 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after acquiring an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. bought a new position in shares of Invitation Homes in the fourth quarter worth about $48,000. Brooklyn Investment Group acquired a new position in shares of Invitation Homes in the third quarter valued at approximately $49,000. Finally, Huntington National Bank increased its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company's stock valued at $71,000 after buying an additional 699 shares during the period. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 2.1 %

Shares of INVH stock traded up $0.70 during trading hours on Friday, hitting $34.02. 6,897,460 shares of the company were exchanged, compared to its average volume of 2,958,112. The firm has a market cap of $20.84 billion, a P/E ratio of 47.91, a P/E/G ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. 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 company has a 50 day simple moving average of $31.52 and a two-hundred day simple moving average of $33.43.

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

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a $0.29 dividend. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Thursday, December 26th. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the subject of several recent research reports. Barclays lowered their price objective on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $37.47.

About Invitation Homes

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.