Lansforsakringar Fondforvaltning AB publ Takes $3.96 Million Position in Invitation Homes Inc. (NYSE:INVH)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 123,992 shares of the company's stock, valued at approximately $3,964,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Invitation Homes during the fourth quarter worth about $1,646,794,000. JPMorgan Chase & Co. increased its position in Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after buying an additional 3,870,432 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Invitation Homes in the 4th quarter worth $67,743,000. Finally, Northern Trust Corp lifted its stake in Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after acquiring an additional 1,463,236 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

INVH traded up $0.19 during midday trading on Friday, hitting $33.69. 6,013,580 shares of the company traded hands, compared to its average volume of 3,387,218. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The firm has a market capitalization of $20.65 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company's 50-day moving average is $33.62 and its 200 day moving average is $32.91.

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

Invitation Homes Dividend Announcement

The company 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. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.44%. Invitation Homes's dividend payout ratio is currently 150.65%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INVH. Barclays lifted their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Royal Bank of Canada upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Raymond James lifted their price target on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.