Ilmarinen Mutual Pension Insurance Co Has $3.23 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Ilmarinen Mutual Pension Insurance Co lifted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 124.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,000 shares of the company's stock after buying an additional 56,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Invitation Homes were worth $3,229,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Invitation Homes by 4.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 574,803 shares of the company's stock worth $18,376,000 after acquiring an additional 23,515 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Invitation Homes during the fourth quarter valued at approximately $205,000. Resona Asset Management Co. Ltd. bought a new stake in Invitation Homes during the fourth quarter worth approximately $10,212,000. Centersquare Investment Management LLC grew its position in Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on INVH shares. Barclays reissued an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Raymond James cut their price objective on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities restated a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped 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. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Invitation Homes has a consensus rating of "Hold" and an average target price of $37.38.

Invitation Homes Stock Up 0.4 %

Shares of Invitation Homes stock traded up $0.12 during midday trading on Friday, reaching $31.76. 807,929 shares of the company's stock traded hands, compared to its average volume of 3,323,359. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company's 50 day simple moving average is $32.89 and its 200 day simple moving average is $32.87. The company has a market cap of $19.46 billion, a price-to-earnings ratio of 44.72, a price-to-earnings-growth 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 for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

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.