KLP Kapitalforvaltning AS Buys Shares of 205,000 Invitation Homes Inc. (NYSE:INVH)

KLP Kapitalforvaltning AS bought a new stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 205,000 shares of the company's stock, valued at approximately $6,604,000.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. boosted its stake in Invitation Homes by 46.8% in the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company's stock worth $39,737,000 after purchasing an additional 396,319 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Invitation Homes by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 53,997 shares of the company's stock valued at $1,726,000 after purchasing an additional 17,054 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Invitation Homes in the fourth quarter worth $413,000. 1620 Investment Advisors Inc. boosted its position in shares of Invitation Homes by 2.9% in the fourth quarter. 1620 Investment Advisors Inc. now owns 19,281 shares of the company's stock worth $616,000 after buying an additional 547 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Invitation Homes by 1.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 130,031 shares of the company's stock valued at $4,156,000 after buying an additional 1,355 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Up 0.9 %

NYSE INVH traded up $0.32 during trading on Friday, hitting $34.48. 2,924,119 shares of the company traded hands, compared to its average volume of 3,279,217. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The business has a fifty day simple moving average of $32.51 and a 200 day simple moving average of $33.12. The company has a market capitalization of $21.12 billion, a P/E ratio of 48.56, a PEG ratio of 4.70 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. The business 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 predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of research reports. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on shares of 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, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes presently has an average rating of "Hold" and a consensus price target 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.