UniSuper Management Pty Ltd boosted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 243,532 shares of the company's stock after purchasing an additional 16,216 shares during the quarter. UniSuper Management Pty Ltd's holdings in Invitation Homes were worth $7,786,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in Invitation Homes in the 3rd quarter worth about $263,000. Charles Schwab Investment Management Inc. grew its holdings in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after buying an additional 31,184 shares during the period. HighTower Advisors LLC increased its stake in shares of Invitation Homes by 696.9% during the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after acquiring an additional 61,973 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Invitation Homes during the 4th quarter worth about $595,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently commented on INVH. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised their price objective 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, Barclays reaffirmed an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $37.47.
Get Our Latest Report on INVH
Invitation Homes Stock Down 0.8 %
Shares of INVH stock traded down $0.28 on Tuesday, hitting $34.57. The stock had a trading volume of 620,427 shares, compared to its average volume of 3,276,587. The stock's 50 day moving average is $32.58 and its 200-day moving average is $33.09. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of 48.66, a P/E/G ratio of 4.70 and a beta of 1.03. 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 quick ratio of 0.24 and a current ratio of 0.24.
Invitation Homes (NYSE:INVH - Get Free Report) last posted 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 company 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%. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.
Invitation Homes Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 158.90%.
Invitation Homes Profile
(
Free Report)
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.
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