Invitation Homes Inc. (NYSE:INVH) Stock Position Increased by Masterton Capital Management LP

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

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

Invitation Homes Price Performance

NYSE INVH traded up $0.34 during trading hours on Friday, hitting $35.45. 3,434,622 shares of the company's stock traded hands, compared to its average volume of 3,331,961. The company has a market capitalization of $21.73 billion, a PE ratio of 49.93, a PEG ratio of 4.70 and a beta of 0.87. 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 52-week low of $29.37 and a 52-week high of $37.80. The firm's 50-day moving average is $33.54 and its 200-day moving average is $32.81.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) 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 analyst estimates of $663.77 million. During the same period in the prior year, the business earned $0.47 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast 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 issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 150.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on INVH shares. Royal Bank of Canada increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays reaffirmed an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Raymond James decreased their price target on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.50.

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.