Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,966 shares of the company’s stock after purchasing an additional 2,238 shares during the quarter. Naviter Wealth LLC’s holdings in Invitation Homes were worth $1,398,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Cohen & Steers Inc. grew its holdings in Invitation Homes by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after acquiring an additional 1,008,392 shares in the last quarter. Norges Bank acquired a new stake in Invitation Homes during the fourth quarter valued at approximately $1,346,883,000. Principal Financial Group Inc. grew its position in shares of Invitation Homes by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 20,923,484 shares of the company’s stock worth $713,700,000 after acquiring an additional 147,050 shares in the last quarter. Morgan Stanley increased its holdings in shares of Invitation Homes by 19.5% in the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock valued at $285,017,000 after acquiring an additional 1,466,330 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its holdings in shares of Invitation Homes by 7.1% in the 4th quarter. Centersquare Investment Management LLC now owns 8,167,642 shares of the company’s stock valued at $278,598,000 after acquiring an additional 538,182 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on INVH. Barclays decreased their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Evercore ISI restated an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. Citigroup reissued a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. Mizuho dropped their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. Finally, Scotiabank boosted their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Insider Buying and Selling

In other news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at $970,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the transaction, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the sale, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Invitation Homes Price Performance

NYSE INVH opened at $36.05 on Wednesday. The stock has a market capitalization of $22.08 billion, a P/E ratio of 41.44, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. The business’s fifty day moving average is $34.98 and its two-hundred day moving average is $34.33. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. On average, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, June 27th. Invitation Homes’s payout ratio is 128.74%.

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.