Nuveen Asset Management LLC Has $120.35 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Nuveen Asset Management LLC decreased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,764,382 shares of the company's stock after selling 19,013 shares during the period. Nuveen Asset Management LLC owned about 0.61% of Invitation Homes worth $120,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INVH. Norges Bank purchased a new position in Invitation Homes during the 4th quarter valued at about $1,646,794,000. JPMorgan Chase & Co. boosted its holdings in Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after acquiring an additional 4,661,213 shares during the period. Centersquare Investment Management LLC boosted its holdings 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 valued at $412,366,000 after acquiring an additional 3,870,432 shares during the period. Northern Trust Corp boosted its holdings in Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after acquiring an additional 1,463,236 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Invitation Homes by 110.1% in the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock valued at $69,004,000 after buying an additional 1,131,029 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 0.2%

NYSE:INVH traded down $0.07 during trading hours on Tuesday, hitting $34.33. 2,236,918 shares of the stock traded hands, compared to its average volume of 3,321,810. The firm has a market cap of $21.04 billion, a price-to-earnings ratio of 48.35, a PEG 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. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $33.70 and a 200 day moving average price of $32.89.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its 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. The company had revenue of $674.48 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.47 EPS. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently announced 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is currently 150.65%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays upped their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Oppenheimer upped their price target on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has a consensus 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.