Dimensional Fund Advisors LP Grows Stake in Invitation Homes Inc. (NYSE:INVH)

Dimensional Fund Advisors LP increased its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,827,708 shares of the company's stock after acquiring an additional 33,235 shares during the quarter. Dimensional Fund Advisors LP owned about 1.44% of Invitation Homes worth $282,221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INVH. Lindbrook Capital LLC lifted its holdings in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC lifted its stake in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP raised its stake 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. Finally, Center for Financial Planning Inc. bought a new stake in shares of Invitation Homes during the fourth quarter worth approximately $48,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

INVH stock traded down $0.05 during trading hours on Wednesday, hitting $34.00. 3,709,832 shares of the stock were exchanged, compared to its average volume of 3,359,135. The company has a 50-day simple moving average of $33.15 and a two-hundred day simple moving average of $32.78. The firm has a market capitalization of $20.84 billion, a P/E ratio of 47.89, a P/E/G 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 Inc. has a 12 month low of $29.37 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. Invitation Homes's dividend payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. 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 report on Friday, April 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods boosted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Finally, Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.