California State Teachers Retirement System Increases Position in Invitation Homes Inc. (NYSE:INVH)

California State Teachers Retirement System lifted its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,020,646 shares of the company's stock after purchasing an additional 38,871 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Invitation Homes worth $32,630,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. 111 Capital acquired a new stake in shares of Invitation Homes during the fourth quarter worth $210,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Invitation Homes by 5.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,645 shares of the company's stock valued at $436,000 after acquiring an additional 760 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in Invitation Homes in the fourth quarter valued at $3,964,000. Phocas Financial Corp. acquired a new position in Invitation Homes in the fourth quarter valued at $265,000. Finally, Siemens Fonds Invest GmbH boosted its holdings in Invitation Homes by 201.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 19,291 shares of the company's stock valued at $617,000 after acquiring an additional 12,891 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on INVH. Scotiabank lifted their target price on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Royal Bank of Canada lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Oppenheimer lifted their target price on Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Nine research 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 $37.94.

Invitation Homes Stock Down 0.1%

Shares of NYSE INVH traded down $0.04 during midday trading on Monday, reaching $33.66. 2,782,483 shares of the company's stock were exchanged, compared to its average volume of 3,383,055. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The stock has a market capitalization of $20.63 billion, a PE ratio of 47.41, a price-to-earnings-growth 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. The business's fifty day moving average price is $33.61 and its two-hundred day moving average price is $32.90.

Invitation Homes (NYSE:INVH - Get Free Report) last announced 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. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is 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.