Sophron Capital Management L.P. Buys Shares of 99,375 Invitation Homes Inc. (NYSE:INVH)

Sophron Capital Management L.P. bought a new position in Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, HoldingsChannel reports. The fund bought 99,375 shares of the company’s stock, valued at approximately $3,177,000. Invitation Homes makes up 1.3% of Sophron Capital Management L.P.’s portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of INVH. Lindbrook Capital LLC raised its position in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. grew its stake in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP lifted its position in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 1.4%

Shares of Invitation Homes stock opened at $34.49 on Monday. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $33.67 and a two-hundred day moving average price of $32.86. The stock has a market capitalization of $21.14 billion, a P/E ratio of 48.58, a PEG ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $674.48 million during the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. Equities 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Thursday, March 27th. Invitation Homes’s dividend payout ratio is 150.65%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INVH. Raymond James boosted their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Royal Bank of Canada upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Oppenheimer boosted their target price on Invitation Homes from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.94.

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.