Crestline Management LP Acquires New Position in Invitation Homes Inc. (NYSE:INVH)

Crestline Management LP purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 63,052 shares of the company's stock, valued at approximately $2,016,000.

Other large investors also recently made changes to their positions in the company. Lindbrook Capital LLC raised its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the last quarter. Allworth Financial LP grew its position in shares of 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 in the last quarter. Finally, Center for Financial Planning Inc. bought a new position in shares of Invitation Homes during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent analyst reports. Scotiabank increased their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday. Keefe, Bruyette & Woods boosted their price target on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Raymond James raised their price target on Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday. Finally, Royal Bank of Canada upped their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Trading Down 0.8%

NYSE:INVH traded down $0.27 during midday trading on Monday, reaching $34.50. 3,191,470 shares of the stock traded hands, compared to its average volume of 3,312,561. The company has a fifty day moving average of $33.67 and a 200 day moving average of $32.83. The stock has a market capitalization of $21.15 billion, a P/E ratio of 48.59, a PEG ratio of 4.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The business had revenue of $674.48 million during 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 quarter last year, the firm earned $0.47 earnings per share. On average, research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invitation Homes's dividend payout ratio (DPR) 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.