Invitation Homes Inc. (NYSE:INVH) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 177.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,702 shares of the company’s stock after buying an additional 29,241 shares during the period. Gotham Asset Management LLC’s holdings in Invitation Homes were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in INVH. JPMorgan Chase & Co. increased its holdings in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Invitation Homes by 24.1% in the fourth quarter. Park Avenue Securities LLC now owns 11,352 shares of the company’s stock valued at $363,000 after purchasing an additional 2,202 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Invitation Homes by 19.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company’s stock valued at $376,000 after purchasing an additional 1,948 shares during the period. Presima Securities ULC increased its holdings in shares of Invitation Homes by 10.1% in the fourth quarter. Presima Securities ULC now owns 717,940 shares of the company’s stock valued at $22,953,000 after purchasing an additional 66,040 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Invitation Homes by 28.7% in the fourth quarter. Blue Trust Inc. now owns 7,957 shares of the company’s stock valued at $281,000 after purchasing an additional 1,775 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $34.49 on Friday. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 4.70 and a beta of 0.87. 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 business’s 50 day moving average price is $33.67 and its 200 day moving average price is $32.86.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million during the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. On average, research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. Invitation Homes’s payout ratio is presently 150.65%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on Invitation Homes from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Royal Bank of Canada upped their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Scotiabank upped their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.94.

Invitation Homes Company 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.