Livforsakringsbolaget Skandia Omsesidigt Raises Stock Position in Invitation Homes Inc. (NYSE:INVH)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in Invitation Homes Inc. (NYSE:INVH) by 96.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,161 shares of the company’s stock after buying an additional 1,061 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Invitation Homes were worth $74,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Invitation Homes by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock worth $3,481,574,000 after purchasing an additional 2,784,696 shares in the last quarter. Norges Bank purchased a new stake in Invitation Homes in the 4th quarter worth approximately $1,127,108,000. State Street Corp grew its stake in Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after acquiring an additional 3,310,121 shares during the period. Principal Financial Group Inc. grew its stake in Invitation Homes by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company’s stock worth $658,403,000 after acquiring an additional 138,213 shares during the period. Finally, Geode Capital Management LLC grew its stake in Invitation Homes by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 13,424,395 shares of the company’s stock worth $418,370,000 after acquiring an additional 284,479 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on INVH shares. Jefferies Financial Group raised shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. BNP Paribas started coverage on shares of Invitation Homes in a research note on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price for the company. Oppenheimer lifted 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. Morgan Stanley decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 26th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $36.00 price target on shares of Invitation Homes in a report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.58 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $20.56 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 1.98 and a beta of 0.94. The firm’s fifty day simple moving average is $34.22 and its 200 day simple moving average is $33.35. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53.

Invitation Homes (NYSE:INVH) last posted its earnings results 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). The business had revenue of $624.32 million for 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, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. Invitation Homes’s payout ratio is 133.33%.

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.