American Century Companies Inc. Acquires 396,319 Shares of Invitation Homes Inc. (NYSE:INVH)

American Century Companies Inc. grew its holdings in Invitation Homes Inc. (NYSE:INVH) by 46.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,242,939 shares of the company’s stock after purchasing an additional 396,319 shares during the period. American Century Companies Inc. owned approximately 0.20% of Invitation Homes worth $39,737,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mizuho Securities USA LLC raised its stake in Invitation Homes by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 53,997 shares of the company’s stock worth $1,726,000 after acquiring an additional 17,054 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Invitation Homes during the 4th quarter valued at approximately $413,000. 1620 Investment Advisors Inc. increased its position in Invitation Homes by 2.9% during the 4th quarter. 1620 Investment Advisors Inc. now owns 19,281 shares of the company’s stock worth $616,000 after purchasing an additional 547 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Invitation Homes by 1.1% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 130,031 shares of the company’s stock valued at $4,156,000 after purchasing an additional 1,355 shares during the last quarter. Finally, HUB Investment Partners LLC acquired a new stake in Invitation Homes in the fourth quarter valued at approximately $230,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

INVH stock opened at $34.20 on Friday. The firm has a market cap of $20.95 billion, a PE ratio of 48.17, a price-to-earnings-growth 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. The stock has a 50-day moving average price of $32.45 and a 200-day moving average price of $33.15. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 158.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Barclays reissued an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of “Hold” and an average price target of $37.56.

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.