Centiva Capital LP Purchases Shares of 84,370 Invitation Homes Inc. (NYSE:INVH)

Centiva Capital LP bought a new position in Invitation Homes Inc. (NYSE:INVH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,370 shares of the company's stock, valued at approximately $2,697,000.

A number of other hedge funds also recently bought and sold shares of the business. Lindbrook Capital LLC lifted its holdings in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP boosted its stake 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 purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new position in shares of Invitation Homes in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. The Goldman Sachs Group lifted their price target on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Raymond James upped their target price on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $37.88.

Invitation Homes Stock Up 0.5 %

INVH stock traded up $0.18 during mid-day trading on Friday, hitting $34.75. 1,809,851 shares of the company were exchanged, compared to its average volume of 3,313,049. The company has a market capitalization of $21.30 billion, a PE ratio of 48.94, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The firm has a fifty day simple moving average of $33.67 and a 200 day simple moving average of $32.84. 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The firm had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. On average, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. Invitation Homes's dividend payout ratio is presently 150.65%.

Invitation Homes Company 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.