Invitation Homes Inc. (NYSE:INVH) Holdings Boosted by Boston Partners

Boston Partners boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 4.3% during the first quarter, HoldingsChannel.com reports. The fund owned 3,218,905 shares of the company’s stock after acquiring an additional 132,381 shares during the period. Boston Partners’ holdings in Invitation Homes were worth $114,617,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Invitation Homes by 1.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock worth $146,569,000 after buying an additional 40,558 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company’s stock valued at $206,952,000 after buying an additional 144,897 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Invitation Homes by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after buying an additional 36,951 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after buying an additional 62,547 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Invitation Homes by 14.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after buying an additional 131,068 shares during the period. Institutional investors own 96.79% of the company’s stock.

Insider Activity at Invitation Homes

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The shares were 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 of the company’s stock, valued at approximately $9,594,065.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares in the company, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were 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 of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INVH. JPMorgan Chase & Co. lifted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Scotiabank raised 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. Evercore ISI upgraded shares of Invitation Homes from an “in-line” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Friday, July 26th. Royal Bank of Canada cut their price target on shares of Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.39.

Invitation Homes Price Performance

Shares of INVH traded up $0.06 during trading hours on Friday, reaching $35.59. The stock had a trading volume of 4,597,376 shares, compared to its average volume of 4,277,017. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.92. The stock has a market capitalization of $21.80 billion, a PE ratio of 40.91, a PEG ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The company’s 50-day moving average is $35.33 and its two-hundred day moving average is $34.55.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $646.04 million for the quarter, compared to analyst estimates of $630.97 million. Research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.12 annualized dividend and a yield of 3.15%. Invitation Homes’s payout ratio is 128.74%.

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.