Aew Capital Management L P Raises Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Aew Capital Management L P increased its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 759,945 shares of the company's stock after buying an additional 121,090 shares during the period. Invitation Homes accounts for 1.2% of Aew Capital Management L P's portfolio, making the stock its 22nd largest position. Aew Capital Management L P owned approximately 0.12% of Invitation Homes worth $24,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP raised its position in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after acquiring an additional 702 shares in the last quarter. Assetmark Inc. grew its stake in 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 purchasing an additional 1,232 shares during the period. Center for Financial Planning Inc. bought a new position in Invitation Homes in the fourth quarter worth $48,000. Brooklyn Investment Group purchased a new position in Invitation Homes during the third quarter valued at $49,000. Finally, Huntington National Bank boosted its holdings in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company's stock valued at $71,000 after buying an additional 699 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Shares of NYSE INVH traded down $0.21 during midday trading on Tuesday, hitting $34.16. 386,900 shares of the stock traded hands, compared to its average volume of 2,902,034. The firm has a market capitalization of $20.93 billion, a P/E ratio of 48.12, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a one year low of $30.13 and a one year 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 firm has a 50-day moving average of $31.56 and a two-hundred day moving average of $33.41.

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. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.40%. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Analyst Ratings Changes

INVH has been the subject of a number of analyst reports. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group cut 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 note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Barclays lowered their price target on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average 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.