D. E. Shaw & Co. Inc. Acquires 459,757 Shares of Invitation Homes Inc. (NYSE:INVH)

D. E. Shaw & Co. Inc. raised its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 413.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 570,995 shares of the company's stock after acquiring an additional 459,757 shares during the period. D. E. Shaw & Co. Inc. owned about 0.09% of Invitation Homes worth $18,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC raised its holdings in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. increased 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 worth $30,000 after purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 valued at $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP lifted its holdings in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new stake in shares of Invitation Homes in the fourth quarter valued at about $48,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Down 0.8%

Shares of Invitation Homes stock opened at $34.50 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The business has a fifty day simple moving average of $33.68 and a two-hundred day simple moving average of $32.84. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 48.59, a P/E/G ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its 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 during 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 150.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Oppenheimer lifted their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Morgan Stanley lowered shares of 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. Raymond James increased 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. Finally, Barclays lifted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Friday. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $37.94.

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.

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