NEOS Investment Management LLC Raises Stock Position in Invitation Homes Inc. (NYSE:INVH)

NEOS Investment Management LLC boosted its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 30.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,942 shares of the company's stock after buying an additional 7,461 shares during the quarter. NEOS Investment Management LLC's holdings in Invitation Homes were worth $1,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INVH. Lindbrook Capital LLC lifted its position in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after acquiring an additional 378 shares during the last quarter. Brooklyn Investment Group acquired a new position in Invitation Homes in the third quarter valued at $49,000. Finally, Allworth Financial LP grew its holdings in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

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Invitation Homes Stock Performance

NYSE INVH traded up $0.39 during trading hours on Monday, hitting $34.86. 5,228,066 shares of the stock were exchanged, compared to its average volume of 3,286,978. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The stock has a 50-day moving average of $32.58 and a 200 day moving average of $33.09.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. The business had revenue of $659.13 million during 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, equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.33%. Invitation Homes's payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on INVH shares. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities restated a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reiterated an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Finally, Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Invitation Homes has a consensus rating of "Hold" and a consensus price target of $37.47.

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.