Adelante Capital Management LLC Raises Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Adelante Capital Management LLC boosted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,041 shares of the company's stock after buying an additional 27,133 shares during the quarter. Invitation Homes makes up approximately 1.5% of Adelante Capital Management LLC's portfolio, making the stock its 21st biggest position. Adelante Capital Management LLC owned about 0.12% of Invitation Homes worth $22,955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tidal Investments LLC boosted its holdings in Invitation Homes by 39.0% during the 3rd quarter. Tidal Investments LLC now owns 22,878 shares of the company's stock valued at $807,000 after acquiring an additional 6,419 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the period. Czech National Bank grew its holdings in shares of Invitation Homes by 6.4% in the fourth quarter. Czech National Bank now owns 123,528 shares of the company's stock worth $3,949,000 after purchasing an additional 7,472 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Invitation Homes by 24.1% in the fourth quarter. Park Avenue Securities LLC now owns 11,352 shares of the company's stock worth $363,000 after buying an additional 2,202 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Invitation Homes by 19.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock valued at $376,000 after buying an additional 1,948 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on INVH shares. Raymond James cut their price target on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Royal Bank of Canada upped their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday. Keefe, Bruyette & Woods lifted their price objective on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday. Finally, Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has an average rating of "Hold" and a consensus target price of $37.56.

Invitation Homes Stock Down 0.5 %

Invitation Homes stock traded down $0.17 during mid-day trading on Monday, hitting $35.30. The company had a trading volume of 384,045 shares, compared to its average volume of 3,320,302. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a market capitalization of $21.63 billion, a PE ratio of 49.74, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The stock's 50 day moving average price is $33.54 and its two-hundred day moving average price is $32.81. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million for 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 was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.29%. Invitation Homes's payout ratio is currently 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.