Wexford Capital LP Takes Position in Invitation Homes Inc. (NYSE:INVH)

Wexford Capital LP acquired a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $320,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Invitation Homes in the fourth quarter worth $1,646,794,000. JPMorgan Chase & Co. lifted its position in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the period. Centersquare Investment Management LLC lifted its position in Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the period. Northern Trust Corp lifted its position in Invitation Homes by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after purchasing an additional 1,463,236 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Invitation Homes by 110.1% in the fourth quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after purchasing an additional 1,131,029 shares during the period. 96.79% of the stock is owned by institutional investors.

Invitation Homes Price Performance

Shares of NYSE:INVH traded down $0.09 during midday trading on Friday, reaching $33.01. The company's stock had a trading volume of 2,680,055 shares, compared to its average volume of 3,352,315. The business's fifty day simple moving average is $33.69 and its 200-day simple moving average is $32.91. 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 company has a market capitalization of $20.23 billion, a P/E ratio of 46.50, a P/E/G ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 4.36% and a net margin of 17.02%. The company's revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on INVH shares. Oppenheimer raised their target price 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 lifted their price objective on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Barclays lifted their price objective on Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Royal Bank of Canada lifted their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Finally, Raymond James lifted their price objective on Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.