Royal London Asset Management Ltd. Buys 46,855 Shares of Invitation Homes Inc. (NYSE:INVH)

Royal London Asset Management Ltd. lifted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 18.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,649 shares of the company's stock after purchasing an additional 46,855 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Invitation Homes were worth $9,548,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp increased its holdings in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company's stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the period. FMR LLC boosted its position in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock valued at $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after buying an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after acquiring an additional 31,184 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after purchasing an additional 1,089,281 shares during the period. 96.79% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research firms have recently issued reports on INVH. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Barclays reaffirmed an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Finally, JMP Securities restated a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes currently has a consensus rating of "Hold" and an average price target of $37.56.

Invitation Homes Trading Up 0.8 %

INVH traded up $0.28 on Wednesday, hitting $34.35. The company had a trading volume of 1,999,864 shares, compared to its average volume of 3,059,685. The business's fifty day simple moving average is $32.31 and its 200 day simple moving average is $33.14. 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 Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a market cap of $21.04 billion, a PE ratio of 48.37, a PEG ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

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 given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

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.