HUB Investment Partners LLC Invests $230,000 in Invitation Homes Inc. (NYSE:INVH)

HUB Investment Partners LLC bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,194 shares of the company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in INVH. Whittier Trust Co. increased its holdings in Invitation Homes by 0.6% in the fourth quarter. Whittier Trust Co. now owns 312,904 shares of the company’s stock valued at $10,000,000 after purchasing an additional 1,965 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Invitation Homes by 38.6% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 320,222 shares of the company’s stock valued at $10,237,000 after purchasing an additional 89,146 shares during the last quarter. Royal London Asset Management Ltd. increased its holdings in Invitation Homes by 18.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 298,649 shares of the company’s stock valued at $9,548,000 after purchasing an additional 46,855 shares during the last quarter. First Financial Bankshares Inc increased its holdings in Invitation Homes by 1.5% in the fourth quarter. First Financial Bankshares Inc now owns 1,055,972 shares of the company’s stock valued at $33,759,000 after purchasing an additional 15,723 shares during the last quarter. Finally, Boston Partners increased its holdings in Invitation Homes by 7.1% in the fourth quarter. Boston Partners now owns 3,483,807 shares of the company’s stock valued at $111,366,000 after purchasing an additional 229,832 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 0.5 %

INVH stock opened at $33.89 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $20.76 billion, a P/E ratio of 47.73, a P/E/G ratio of 4.70 and a beta of 1.03. The business has a 50-day moving average of $32.18 and a 200-day moving average of $33.20. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

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

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 27th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.42%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Analyst Ratings Changes

A number of research firms recently commented on INVH. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Barclays reissued an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.