Northern Trust Corp Buys 1,463,236 Shares of Invitation Homes Inc. (NYSE:INVH)

Northern Trust Corp increased its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,820,769 shares of the company's stock after buying an additional 1,463,236 shares during the quarter. Northern Trust Corp owned approximately 1.11% of Invitation Homes worth $218,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its stake in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP increased its stake in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. acquired a new stake in Invitation Homes during the 4th quarter worth approximately $48,000. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INVH shares. Raymond James lowered their price objective on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group boosted their price objective on shares of Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada upped their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $37.59.

Invitation Homes Stock Up 0.4 %

NYSE:INVH traded up $0.14 on Wednesday, hitting $35.04. The stock had a trading volume of 315,025 shares, compared to its average volume of 3,094,666. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The firm's fifty day simple moving average is $33.64 and its two-hundred day simple moving average is $32.83. 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 has a market cap of $21.48 billion, a P/E ratio of 49.37, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. During the same quarter in the prior year, the company earned $0.47 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business 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. This represents a $1.16 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

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.