Handelsbanken Fonder AB Buys 19,568 Shares of Invitation Homes Inc. (NYSE:INVH)

Handelsbanken Fonder AB raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 440,993 shares of the company's stock after buying an additional 19,568 shares during the quarter. Handelsbanken Fonder AB owned about 0.07% of Invitation Homes worth $15,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in INVH. Lindbrook Capital LLC lifted 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 valued at $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. boosted 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 valued at $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC raised its position in Invitation Homes by 58.5% during 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 in the last quarter. Allworth Financial LP boosted its position in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new position in Invitation Homes during the 4th quarter worth $48,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Performance

Shares of INVH traded down $0.39 on Friday, reaching $33.35. 1,787,528 shares of the company's stock traded hands, compared to its average volume of 3,391,687. The stock has a market cap of $20.44 billion, a PE ratio of 47.05, a PEG ratio of 4.70 and a beta of 0.82. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. 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 stock's 50 day simple moving average is $33.53 and its two-hundred day simple moving average is $32.88.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The business had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Invitation Homes's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. On average, analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.48%. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Oppenheimer increased their target price on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Scotiabank boosted their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Barclays raised 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, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.97.

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.