Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,696,345 shares of the company's stock after buying an additional 366,308 shares during the period. Deutsche Bank AG owned 0.28% of Invitation Homes worth $54,232,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its position in shares of Invitation Homes by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after acquiring an additional 1,019,377 shares during the last quarter. Norges Bank purchased a new position in Invitation Homes during the 4th quarter worth $1,646,794,000. Geode Capital Management LLC increased its stake in Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after purchasing an additional 365,954 shares during the period. Centersquare Investment Management LLC increased its stake 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 valued at $412,366,000 after purchasing an additional 3,870,432 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Stock Performance

NYSE INVH opened at $34.50 on Tuesday. The business has a 50 day moving average price of $33.68 and a 200 day moving average price of $32.84. The company has a market capitalization of $21.15 billion, a P/E ratio of 48.59, a PEG ratio of 4.70 and a beta of 0.87. 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.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly 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. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same quarter last year, the business posted $0.47 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders 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 annualized dividend and a dividend yield of 3.36%. Invitation Homes's dividend payout ratio is presently 150.65%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INVH shares. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Royal Bank of Canada increased their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. Oppenheimer lifted their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine research 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 currently has a consensus rating of "Hold" and an average target price 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.

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