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

Rhumbline Advisers boosted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 7.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,201,741 shares of the company's stock after acquiring an additional 85,560 shares during the period. Rhumbline Advisers owned about 0.20% of Invitation Homes worth $41,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after buying an additional 2,344 shares during the period. Capital World Investors purchased a new stake in shares of Invitation Homes during the 4th quarter valued at $4,891,000. Toronto Dominion Bank grew its stake in shares of Invitation Homes by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after buying an additional 31,184 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in shares of Invitation Homes during the 4th quarter valued at $595,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 1.0%

NYSE INVH traded down $0.34 during trading on Thursday, reaching $32.90. 2,846,146 shares of the company's stock were exchanged, compared to its average volume of 3,389,196. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The company's fifty day simple moving average is $33.57 and its 200-day simple moving average is $32.90. The firm has a market capitalization of $20.17 billion, a PE ratio of 46.34, a P/E/G ratio of 4.70 and a beta of 0.87.

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

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, March 27th. Invitation Homes's payout ratio is presently 150.65%.

Analyst Ratings Changes

A number of brokerages recently weighed in on INVH. Scotiabank upped their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. The Goldman Sachs Group increased their price objective 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. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Finally, Barclays increased their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has an average rating of "Hold" and a consensus price target of $37.94.

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.