Invitation Homes Inc. (NYSE:INVH) Stock Holdings Raised by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. grew its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 697,929 shares of the company's stock after acquiring an additional 130,929 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.11% of Invitation Homes worth $22,313,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assetmark Inc. raised its position in Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after buying an additional 2,344 shares during the last quarter. Capital World Investors purchased a new position in shares of Invitation Homes during the 4th quarter valued at about $4,891,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after buying an additional 31,184 shares during the last quarter. OFI Invest Asset Management purchased a new position in Invitation Homes during the fourth quarter valued at approximately $595,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in Invitation Homes by 0.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock worth $178,942,000 after purchasing an additional 44,945 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho raised 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 research report on Thursday, March 13th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Raymond James dropped their price target on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Invitation Homes has an average rating of "Hold" and an average target price of $37.38.

Invitation Homes Trading Up 2.7 %

Shares of INVH stock traded up $0.91 during trading hours on Thursday, hitting $35.10. 4,277,404 shares of the company were exchanged, compared to its average volume of 3,147,064. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year 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 firm has a fifty day moving average of $33.40 and a 200 day moving average of $32.80. The firm has a market cap of $21.51 billion, a PE ratio of 49.44, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping 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 company had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. Analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is 158.90%.

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.