GAMMA Investing LLC Buys New Holdings in Invitation Homes Inc. (NYSE:INVH)

GAMMA Investing LLC purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,400 shares of the company’s stock, valued at approximately $79,000.

A number of other large investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI purchased a new stake in Invitation Homes during the fourth quarter worth approximately $311,000. Cetera Trust Company N.A acquired a new stake in Invitation Homes in the 4th quarter valued at $236,000. Handelsbanken Fonder AB raised its position in Invitation Homes by 43.8% in the fourth quarter. Handelsbanken Fonder AB now owns 224,655 shares of the company’s stock valued at $7,663,000 after purchasing an additional 68,448 shares during the period. CWM LLC lifted its stake in shares of Invitation Homes by 12.3% during the fourth quarter. CWM LLC now owns 7,398 shares of the company’s stock worth $252,000 after purchasing an additional 808 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Invitation Homes by 2.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 147,915 shares of the company’s stock valued at $5,045,000 after buying an additional 3,074 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on INVH. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Thursday, February 15th. Oppenheimer raised their price target on shares of Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Raymond James boosted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. KeyCorp raised their target price on Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, January 5th. Finally, Mizuho increased their price target on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Stock Down 0.4 %

INVH opened at $34.58 on Tuesday. The stock’s fifty day moving average is $34.42 and its 200-day moving average is $33.46. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The company has a market capitalization of $21.18 billion, a PE ratio of 41.17, a P/E/G ratio of 2.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The business had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. On average, equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.24%. Invitation Homes’s dividend payout ratio is currently 133.33%.

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.