GAMMA Investing LLC Grows Stake in Invitation Homes Inc. (NYSE:INVH)

GAMMA Investing LLC boosted its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 4,186.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,111 shares of the company's stock after buying an additional 170,049 shares during the quarter. GAMMA Investing LLC's holdings in Invitation Homes were worth $60,680,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of INVH. JPMorgan Chase & Co. raised its stake in shares of Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock valued at $221,709,000 after acquiring an additional 1,089,281 shares during the last quarter. Blue Trust Inc. increased 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 valued at $281,000 after purchasing an additional 1,775 shares during the period. abrdn plc raised its position in Invitation Homes by 14.4% during the 4th quarter. abrdn plc now owns 368,264 shares of the company's stock worth $11,740,000 after purchasing an additional 46,223 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Invitation Homes by 0.6% during the 4th quarter. Calamos Advisors LLC now owns 129,184 shares of the company's stock worth $4,130,000 after buying an additional 788 shares during the period. Finally, E. Ohman J or Asset Management AB acquired a new position in Invitation Homes during the 4th quarter worth about $585,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on INVH shares. Keefe, Bruyette & Woods upped their price objective 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. Scotiabank boosted their price objective on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. The Goldman Sachs Group lifted their target price on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Raymond James raised their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, May 2nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.94.

Invitation Homes Stock Down 1.0%

Invitation Homes stock traded down $0.34 during trading on Thursday, hitting $32.90. 2,846,046 shares of the company were exchanged, compared to its average volume of 3,389,171. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The business's 50 day moving average is $33.57 and its 200 day moving average is $32.90. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a market capitalization of $20.17 billion, a P/E ratio of 46.34, a PEG 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 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. During the same quarter last year, the firm earned $0.47 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed 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 was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.53%. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

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.