Rhumbline Advisers Has $41.88 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Rhumbline Advisers increased its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,201,741 shares of the company's stock after purchasing an additional 85,560 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of Invitation Homes worth $41,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Cohen & Steers Inc. boosted its position in Invitation Homes by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after acquiring an additional 1,019,377 shares during the period. Norges Bank acquired a new stake in Invitation Homes during the fourth quarter valued at $1,646,794,000. Geode Capital Management LLC increased its position in Invitation Homes by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock worth $480,276,000 after purchasing an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC lifted 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 valued at $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of INVH traded up $0.25 on Friday, reaching $33.19. 3,987,905 shares of the stock traded hands, compared to its average volume of 3,405,131. The stock's 50-day moving average price is $33.51 and its 200-day moving average price is $32.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 46.74, a P/E/G ratio of 4.70 and a beta of 0.82. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $663.77 million. During the same period in the prior year, the company posted $0.47 earnings per share. Invitation Homes's revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.50%. Invitation Homes's payout ratio is presently 150.65%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. The Goldman Sachs Group boosted their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Citigroup raised shares of Invitation Homes from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $35.00 to $38.50 in a research report on Friday. Finally, Raymond James raised their price objective on Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.97.

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.