Invitation Homes Inc. (NYSE:INVH) Shares Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 24.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,033 shares of the company's stock after purchasing an additional 12,096 shares during the period. BTC Capital Management Inc.'s holdings in Invitation Homes were worth $2,162,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Invitation Homes by 19.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock worth $376,000 after purchasing an additional 1,948 shares in the last quarter. Blue Trust Inc. boosted its holdings in Invitation Homes by 28.7% in the fourth quarter. Blue Trust Inc. now owns 7,957 shares of the company's stock worth $281,000 after purchasing an additional 1,775 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Invitation Homes by 10.8% in the fourth quarter. Pacer Advisors Inc. now owns 47,589 shares of the company's stock worth $1,521,000 after purchasing an additional 4,646 shares in the last quarter. Finally, Forsta AP Fonden boosted its holdings in Invitation Homes by 2.4% in the fourth quarter. Forsta AP Fonden now owns 192,700 shares of the company's stock worth $6,161,000 after purchasing an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of INVH traded down $0.04 during mid-day trading on Monday, reaching $33.66. The stock had a trading volume of 2,782,483 shares, compared to its average volume of 3,383,022. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The business has a fifty day moving average of $33.62 and a 200 day moving average of $32.90. 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 (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company 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%. Invitation Homes's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. Equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently announced 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 3.45%. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Raymond James raised their target price on Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Mizuho upgraded 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 research note on Thursday, March 13th. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Royal Bank of Canada increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, Oppenheimer increased their price target 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. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $37.94.

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.