32,300 Shares in Invitation Homes Inc. (NYSE:INVH) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,300 shares of the company's stock, valued at approximately $1,033,000.

A number of other hedge funds have also modified their holdings of INVH. BNP Paribas Financial Markets boosted its stake in shares of Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after buying an additional 1,131,029 shares during the last quarter. Alethea Capital Management LLC acquired a new position in Invitation Homes during the fourth quarter valued at approximately $392,000. Ameriprise Financial Inc. grew its stake in Invitation Homes by 36.5% in the fourth quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company's stock valued at $123,634,000 after purchasing an additional 1,060,805 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its position in shares of Invitation Homes by 7.4% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 8,608 shares of the company's stock worth $275,000 after purchasing an additional 595 shares during the last quarter. Finally, DoubleLine ETF Adviser LP raised its stake in shares of Invitation Homes by 1.2% during the 4th quarter. DoubleLine ETF Adviser LP now owns 41,021 shares of the company's stock worth $1,311,000 after purchasing an additional 473 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday. Barclays restated an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods lifted their price target on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $37.56.

Invitation Homes Stock Performance

NYSE INVH opened at $35.01 on Tuesday. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The firm has a 50-day moving average price of $33.60 and a two-hundred day moving average price of $32.81. The company has a market capitalization of $21.45 billion, a P/E ratio of 49.30, a P/E/G ratio of 4.70 and a beta of 0.87. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same period in the previous year, the company posted $0.47 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

Invitation Homes 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.

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