Capital World Investors Buys New Shares in Invitation Homes Inc. (NYSE:INVH)

Capital World Investors purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 153,000 shares of the company's stock, valued at approximately $4,891,000.

Several other institutional investors also recently added to or reduced their stakes in INVH. Dimensional Fund Advisors LP increased its holdings in shares of Invitation Homes by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,827,708 shares of the company's stock valued at $282,221,000 after purchasing an additional 33,235 shares during the period. HGI Capital Management LLC increased its holdings in shares of Invitation Homes by 97.6% in the fourth quarter. HGI Capital Management LLC now owns 203,391 shares of the company's stock valued at $6,502,000 after purchasing an additional 100,477 shares during the period. GeoWealth Management LLC increased its holdings in shares of Invitation Homes by 36.2% in the fourth quarter. GeoWealth Management LLC now owns 27,280 shares of the company's stock valued at $872,000 after purchasing an additional 7,254 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Invitation Homes by 3.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,009,979 shares of the company's stock valued at $32,267,000 after purchasing an additional 32,230 shares during the period. Finally, Investure LLC increased its holdings in shares of Invitation Homes by 23.8% in the fourth quarter. Investure LLC now owns 649,916 shares of the company's stock valued at $20,778,000 after purchasing an additional 125,016 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on INVH. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays restated an "overweight" rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Finally, Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Invitation Homes currently has an average rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Price Performance

NYSE:INVH traded down $0.10 during mid-day trading on Friday, hitting $33.77. 2,283,461 shares of the company's stock traded hands, compared to its average volume of 3,357,589. 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 firm's 50 day simple moving average is $33.28 and its 200 day simple moving average is $32.79. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a market cap of $20.70 billion, a PE ratio of 47.56, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.44%. Invitation Homes's dividend payout ratio (DPR) is presently 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.