Royal London Asset Management Ltd. Has $9.55 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Royal London Asset Management Ltd. increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,649 shares of the company’s stock after acquiring an additional 46,855 shares during the period. Royal London Asset Management Ltd.’s holdings in Invitation Homes were worth $9,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in Invitation Homes by 7.5% in the 3rd quarter. Empowered Funds LLC now owns 10,776 shares of the company’s stock valued at $380,000 after purchasing an additional 754 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Invitation Homes by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 44,764 shares of the company’s stock valued at $1,581,000 after purchasing an additional 1,031 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Invitation Homes in the 3rd quarter valued at approximately $3,825,000. Advisors Asset Management Inc. lifted its stake in Invitation Homes by 13.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 102,601 shares of the company’s stock valued at $3,618,000 after purchasing an additional 11,911 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Invitation Homes in the 3rd quarter valued at approximately $651,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.5 %

INVH opened at $33.89 on Friday. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $32.18 and a 200-day moving average of $33.20. The stock has a market cap of $20.76 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on INVH shares. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods raised their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Barclays reaffirmed an “overweight” rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.56.

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.