JPMorgan Chase & Co. Has $350.04 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

JPMorgan Chase & Co. raised its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 74.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,949,043 shares of the company's stock after buying an additional 4,661,213 shares during the period. JPMorgan Chase & Co. owned about 1.79% of Invitation Homes worth $350,041,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Invitation Homes by 767.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock valued at $194,621,000 after acquiring an additional 4,883,564 shares during the last quarter. National Bank of Canada FI grew its position in shares of Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock worth $40,362,000 after buying an additional 780,760 shares during the period. American Century Companies Inc. grew its position in shares of Invitation Homes by 46.8% during the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company's stock worth $39,737,000 after buying an additional 396,319 shares during the period. State Street Corp raised its stake in shares of Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock worth $1,270,062,000 after buying an additional 298,307 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new position in Invitation Homes in the third quarter valued at approximately $9,421,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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Invitation Homes Stock Down 1.5 %

Shares of NYSE:INVH traded down $0.51 during midday trading on Thursday, reaching $34.12. 1,135,397 shares of the company were exchanged, compared to its average volume of 3,051,128. The firm has a market cap of $20.90 billion, a PE ratio of 48.06, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The stock has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $33.09. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

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 the consensus estimate of $0.47. The firm 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%. As a group, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Analyst Ratings Changes

A number of research firms have recently weighed in on INVH. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Wednesday, March 5th. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine research 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 stock presently has a consensus rating of "Hold" and an average target price of $37.47.

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.