BNP Paribas Financial Markets Grows Holdings in Invitation Homes Inc. (NYSE:INVH)

BNP Paribas Financial Markets lifted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 110.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,158,395 shares of the company's stock after buying an additional 1,131,029 shares during the period. BNP Paribas Financial Markets owned about 0.35% of Invitation Homes worth $69,004,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC increased its stake in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. raised its holdings 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 buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares during the period. Allworth Financial LP grew its holdings in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after acquiring an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new position in shares of Invitation Homes in the fourth quarter valued at about $48,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 0.5 %

Shares of NYSE INVH traded up $0.18 during trading on Friday, reaching $34.75. The stock had a trading volume of 1,809,851 shares, compared to its average volume of 3,307,163. 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 company has a market cap of $21.30 billion, a P/E ratio of 48.94, a PEG ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The business's 50-day moving average price is $33.67 and its 200-day moving average price is $32.85.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm 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%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. On average, equities research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.34%. Invitation Homes's dividend payout ratio is currently 150.65%.

Analyst Upgrades and Downgrades

INVH has been the subject of several research reports. The Goldman Sachs Group upped their price objective on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday. Raymond James lifted their target price on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Royal Bank of Canada raised their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Finally, Barclays lifted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and a consensus price target of $37.88.

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.