Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Adelante Capital Management LLC

Adelante Capital Management LLC raised its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 718,041 shares of the company's stock after acquiring an additional 27,133 shares during the quarter. Invitation Homes makes up 1.5% of Adelante Capital Management LLC's holdings, making the stock its 21st largest holding. Adelante Capital Management LLC owned about 0.12% of Invitation Homes worth $22,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in Invitation Homes during the 4th quarter worth $1,646,794,000. JPMorgan Chase & Co. increased its stake in shares of Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Northern Trust Corp lifted its stake in Invitation Homes by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after acquiring an additional 1,463,236 shares during the period. Finally, Cohen & Steers Inc. grew its holdings in Invitation Homes by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after acquiring an additional 1,019,377 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on INVH shares. Barclays reaffirmed an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Raymond James dropped their target price 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. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $37.50.

Invitation Homes Stock Performance

NYSE INVH traded up $0.34 during trading hours on Friday, reaching $35.45. The stock had a trading volume of 3,434,622 shares, compared to its average volume of 3,347,287. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The stock has a fifty day moving average of $33.54 and a 200 day moving average of $32.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $21.73 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.27%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

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.