Renaissance Technologies LLC Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Renaissance Technologies LLC grew its position in Invitation Homes Inc. (NYSE:INVH) by 1,394.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 763,583 shares of the company’s stock after purchasing an additional 712,500 shares during the period. Renaissance Technologies LLC’s holdings in Invitation Homes were worth $24,412,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP boosted its position in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes in the 4th quarter valued at $48,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

NYSE INVH opened at $32.10 on Friday. The company’s 50 day simple moving average is $32.90 and its two-hundred day simple moving average is $32.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The stock has a market capitalization of $19.67 billion, a PE ratio of 45.20, a P/E/G ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price objective 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. Barclays reissued an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Raymond James lowered their price target on shares of Invitation Homes from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $37.38.

Invitation Homes 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.