Catalyst Funds Management Pty Ltd Acquires 23,800 Shares of Invitation Homes Inc. (NYSE:INVH)

Catalyst Funds Management Pty Ltd boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 1,700.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,200 shares of the company’s stock after acquiring an additional 23,800 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Invitation Homes were worth $806,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Invitation Homes by 5.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock worth $235,000 after buying an additional 412 shares in the last quarter. Vestcor Inc lifted its position in shares of Invitation Homes by 14.2% during the 4th quarter. Vestcor Inc now owns 172,031 shares of the company’s stock worth $5,500,000 after buying an additional 21,335 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Invitation Homes by 3,772.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,453 shares of the company’s stock worth $142,000 after buying an additional 4,338 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Invitation Homes by 10.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,450 shares of the company’s stock worth $238,000 after buying an additional 682 shares in the last quarter. Finally, GC Wealth Management RIA LLC lifted its position in shares of Invitation Homes by 43.6% during the 4th quarter. GC Wealth Management RIA LLC now owns 23,334 shares of the company’s stock worth $746,000 after buying an additional 7,086 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

INVH has been the topic of several recent analyst reports. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Finally, Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Thursday. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.65.

Invitation Homes Stock Up 1.7 %

Invitation Homes stock opened at $33.46 on Friday. The firm has a 50 day simple moving average of $31.83 and a 200 day simple moving average of $33.34. The firm has a market capitalization of $20.50 billion, a price-to-earnings ratio of 47.13, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

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.