Siemens Fonds Invest GmbH Grows Stake in Invitation Homes Inc. (NYSE:INVH)

Siemens Fonds Invest GmbH raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 201.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,291 shares of the company's stock after acquiring an additional 12,891 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Invitation Homes were worth $617,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in INVH. Cohen & Steers Inc. boosted its position in shares of Invitation Homes by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares during the period. Norges Bank acquired a new stake in shares of Invitation Homes in the 4th quarter valued at about $1,646,794,000. Geode Capital Management LLC lifted its position in Invitation Homes by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock worth $480,276,000 after acquiring an additional 365,954 shares during the period. Centersquare Investment Management LLC lifted its position in 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 acquiring an additional 3,870,432 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 worth $350,041,000 after acquiring an additional 4,661,213 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent research reports. Barclays increased their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Oppenheimer increased their price objective on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Royal Bank of Canada increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Price Performance

INVH stock traded down $0.46 on Tuesday, reaching $33.21. 626,254 shares of the company's stock were exchanged, compared to its average volume of 3,372,348. The stock has a fifty day moving average of $33.61 and a 200-day moving average of $32.90. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The firm has a market cap of $20.36 billion, a PE ratio of 46.78, a P/E/G 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.

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

Invitation Homes Dividend Announcement

The company 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 yield of 3.49%. The ex-dividend date was Thursday, March 27th. Invitation Homes's payout ratio is currently 150.65%.

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.