51,510,613 Shares in Invitation Homes Inc. (NYSE:INVH) Bought by Norges Bank

Norges Bank acquired a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 51,510,613 shares of the company's stock, valued at approximately $1,646,794,000. Norges Bank owned approximately 8.41% of Invitation Homes at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased 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 during the period. Smartleaf Asset Management LLC raised its holdings in Invitation Homes by 58.5% in the 4th 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 in the last quarter. Allworth Financial LP lifted its position in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares during the period. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes during the 4th quarter worth $48,000. Institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

INVH has been the subject of a number of analyst reports. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Mizuho upgraded shares of 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 research report on Thursday, March 13th. Barclays reiterated an "overweight" rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, 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. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes currently has a consensus rating of "Hold" and an average target price of $37.47.

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Invitation Homes Trading Up 0.8 %

NYSE INVH traded up $0.27 during trading hours on Monday, reaching $34.74. The company's stock had a trading volume of 1,965,311 shares, compared to its average volume of 3,274,396. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $21.28 billion, a P/E ratio of 48.92, a P/E/G ratio of 4.70 and a beta of 1.03. The firm has a fifty day simple moving average of $32.51 and a 200-day simple moving average of $33.12.

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 during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

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.