Beacon Investment Advisors LLC Raises Stake in Invitation Homes Inc. (NYSE:INVH)

Beacon Investment Advisors LLC increased its position in Invitation Homes Inc. (NYSE:INVH) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 16,090 shares of the company’s stock after buying an additional 846 shares during the quarter. Beacon Investment Advisors LLC’s holdings in Invitation Homes were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Cohen & Steers Inc. raised its position in Invitation Homes by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company’s stock valued at $1,970,744,000 after acquiring an additional 1,019,377 shares in the last quarter. Norges Bank purchased a new position in shares of Invitation Homes during the 4th quarter valued at approximately $1,646,794,000. Geode Capital Management LLC raised its position in Invitation Homes by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock worth $480,276,000 after acquiring an additional 365,954 shares during the period. Centersquare Investment Management LLC grew its stake in Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after acquiring an additional 4,661,213 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on INVH shares. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Barclays reiterated 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. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.38.

Invitation Homes Stock Up 1.7 %

NYSE:INVH opened at $33.61 on Monday. The firm has a market capitalization of $20.60 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The stock has a 50 day moving average of $33.06 and a 200-day moving average of $32.78. 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 52 week low of $29.37 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (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%. Analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.45%. Invitation Homes’s payout ratio is 158.90%.

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.