Investure LLC Purchases 125,016 Shares of Invitation Homes Inc. (NYSE:INVH)

Investure LLC raised its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,916 shares of the company's stock after purchasing an additional 125,016 shares during the period. Invitation Homes makes up approximately 1.2% of Investure LLC's investment portfolio, making the stock its 12th biggest position. Investure LLC owned 0.11% of Invitation Homes worth $20,778,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of INVH. Norges Bank bought a new position in shares of Invitation Homes in the 4th quarter valued at $1,646,794,000. JPMorgan Chase & Co. raised its position in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after purchasing an additional 3,870,432 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Invitation Homes by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after purchasing an additional 1,019,377 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Invitation Homes by 1,394.8% in the fourth quarter. Renaissance Technologies LLC now owns 763,583 shares of the company's stock valued at $24,412,000 after buying an additional 712,500 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INVH shares. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut 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 report on Tuesday, January 21st. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Raymond James decreased their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Stock Up 2.1 %

Shares of INVH traded up $0.70 during trading hours on Tuesday, reaching $34.10. 504,142 shares of the stock traded hands, compared to its average volume of 3,150,910. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a market cap of $20.90 billion, a price-to-earnings ratio of 48.03, a PEG ratio of 4.70 and a beta of 0.86. The stock has a fifty day simple moving average of $33.10 and a 200 day simple moving average of $32.77. 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 (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed 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 was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Invitation Homes's dividend payout ratio (DPR) 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.