Invitation Homes Inc. (NYSE:INVH) Stock Position Boosted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in Invitation Homes Inc. (NYSE:INVH) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,296,945 shares of the company’s stock after acquiring an additional 40,558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.70% of Invitation Homes worth $146,569,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in Invitation Homes in the fourth quarter worth approximately $1,187,000. Capital Square LLC acquired a new position in shares of Invitation Homes in the 4th quarter worth $494,000. Sequoia Financial Advisors LLC acquired a new position in shares of Invitation Homes in the 4th quarter worth $330,000. International Assets Investment Management LLC acquired a new stake in shares of Invitation Homes during the fourth quarter worth $292,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Invitation Homes by 101.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 665,559 shares of the company’s stock valued at $22,702,000 after purchasing an additional 334,664 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Insider Transactions at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was 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 directly owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

Invitation Homes Stock Performance

Shares of INVH opened at $33.57 on Tuesday. The company has a market capitalization of $20.56 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The company’s fifty day moving average price is $34.18 and its 200 day moving average price is $33.32.

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

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be given a $0.28 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. Invitation Homes’s dividend payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on INVH. Deutsche Bank Aktiengesellschaft initiated coverage on Invitation Homes in a research note on Tuesday, January 30th. They issued a “hold” rating and a $35.00 price target on the stock. Jefferies Financial Group upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $41.00 in a report on Tuesday, January 2nd. Morgan Stanley lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 26th. Oppenheimer increased their target price on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, KeyCorp lifted their price target on Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.19.

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.