Woodline Partners LP Buys Shares of 34,069 Invitation Homes Inc. (NYSE:INVH)

Woodline Partners LP purchased a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,069 shares of the company's stock, valued at approximately $1,089,000.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after acquiring an additional 2,344 shares during the period. Capital World Investors acquired a new position in shares of Invitation Homes during the 4th quarter worth approximately $4,891,000. Toronto Dominion Bank raised 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 worth $9,794,000 after buying an additional 19,084 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $210,952,000 after buying an additional 31,184 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Invitation Homes during the 4th quarter worth approximately $595,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of INVH traded up $0.19 during trading hours on Friday, hitting $33.69. 6,013,580 shares of the stock were exchanged, compared to its average volume of 3,385,467. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock's 50-day moving average price is $33.62 and its two-hundred day moving average price is $32.90. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million during the quarter, compared to analysts' expectations 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 period in the prior year, the business earned $0.47 EPS. Research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, March 27th. Invitation Homes's payout ratio is currently 150.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on INVH shares. The Goldman Sachs Group upped their target price on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Raymond James upped their target price on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Royal Bank of Canada upped their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Barclays upped their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Oppenheimer upped their target price on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.94.

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.