Masterton Capital Management LP Increases Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Masterton Capital Management LP boosted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,479 shares of the company's stock after purchasing an additional 24,509 shares during the quarter. Invitation Homes comprises 4.9% of Masterton Capital Management LP's investment portfolio, making the stock its 8th biggest position. Masterton Capital Management LP's holdings in Invitation Homes were worth $8,615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC raised its position in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares in the last quarter. Allworth Financial LP raised its position in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after buying an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes during the 4th quarter valued at $48,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INVH has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Raymond James decreased their price objective on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays reiterated an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $37.38.

Invitation Homes Stock Performance

Shares of INVH stock traded up $0.91 during trading hours on Thursday, reaching $35.10. 4,279,188 shares of the company traded hands, compared to its average volume of 3,348,680. The firm has a 50-day moving average price of $33.47 and a 200 day moving average price of $32.81. 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 Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a market cap of $21.51 billion, a P/E ratio of 49.44, a P/E/G ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million for 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 revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. As a group, sell-side analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.30%. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

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.