Unigestion Holding SA Invests $895,000 in Invitation Homes Inc. (NYSE:INVH)

Unigestion Holding SA purchased a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,000 shares of the company's stock, valued at approximately $895,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the period. Smartleaf Asset Management LLC raised its stake in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after acquiring an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after purchasing an additional 408 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Invitation Homes by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after buying an additional 412 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its holdings in shares of Invitation Homes by 2.8% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company's stock worth $506,000 after buying an additional 442 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.9 %

NYSE:INVH traded up $0.29 during trading hours on Friday, hitting $31.93. The stock had a trading volume of 975,066 shares, compared to its average volume of 3,324,208. The business's 50 day moving average is $32.89 and its 200-day moving average is $32.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 44.76, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders 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 3.63%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analyst Weigh In

INVH has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased 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. Barclays reiterated an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, JMP Securities reiterated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $37.38.

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.