Sophron Capital Management L.P. Makes New Investment in Invitation Homes Inc. (NYSE:INVH)

Sophron Capital Management L.P. purchased a new stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 99,375 shares of the company's stock, valued at approximately $3,177,000. Invitation Homes comprises 1.3% of Sophron Capital Management L.P.'s portfolio, making the stock its 28th largest position.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Invitation Homes during the 4th quarter worth about $1,646,794,000. JPMorgan Chase & Co. lifted its stake 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 in the last quarter. Centersquare Investment Management LLC lifted its stake 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 in the last quarter. 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 worth $218,060,000 after acquiring an additional 1,463,236 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after acquiring an additional 1,131,029 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on INVH shares. The Goldman Sachs Group boosted their price target 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. Royal Bank of Canada boosted their price target 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. Scotiabank boosted 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 note on Monday, May 12th. Raymond James boosted 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, Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes currently has a consensus rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.09 during midday trading on Friday, reaching $33.01. 2,680,055 shares of the company traded hands, compared to its average volume of 3,343,771. The firm's 50 day simple moving average is $33.69 and its two-hundred day simple moving average is $32.91. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. 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 $20.23 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data 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 net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. During the same period in the prior year, the company earned $0.47 EPS. The firm's revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. Invitation Homes's dividend payout ratio is currently 150.65%.

Invitation Homes 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.