Cohen & Steers Inc. Has $1.97 Billion Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Cohen & Steers Inc. lifted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,645,138 shares of the company's stock after purchasing an additional 1,019,377 shares during the period. Invitation Homes comprises approximately 3.7% of Cohen & Steers Inc.'s portfolio, making the stock its 9th biggest holding. Cohen & Steers Inc. owned about 10.06% of Invitation Homes worth $1,970,744,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Invitation Homes in the fourth quarter valued at about $1,646,794,000. Geode Capital Management LLC raised its position in Invitation Homes by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after purchasing an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Invitation Homes by 42.9% in the 4th 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 period. JPMorgan Chase & Co. grew its position in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after buying an additional 4,661,213 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after buying an additional 31,184 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INVH has been the topic of a number of research analyst reports. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Raymond James reduced their target price on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $37.38.

Invitation Homes Stock Performance

Shares of INVH stock traded up $0.57 on Friday, reaching $33.61. The stock had a trading volume of 2,561,738 shares, compared to its average volume of 3,360,370. 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 1 year low of $29.37 and a 1 year high of $37.80. The stock has a market cap of $20.60 billion, a P/E ratio of 47.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The company has a 50 day simple moving average of $33.02 and a 200 day simple moving average of $32.81.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) 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 business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio 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.