Strs Ohio Has $21.18 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Strs Ohio lifted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,994 shares of the company's stock after buying an additional 82,645 shares during the period. Strs Ohio owned approximately 0.10% of Invitation Homes worth $21,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Coppell Advisory Solutions Corp. acquired a new stake in shares of Invitation Homes during the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC purchased a new stake in Invitation Homes during the 2nd quarter worth approximately $31,000. Clear Street Markets LLC raised its position in shares of Invitation Homes by 117.4% in the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company's stock valued at $32,000 after purchasing an additional 588 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Invitation Homes during the 3rd quarter valued at approximately $86,000. Finally, Covestor Ltd boosted its stake in shares of Invitation Homes by 848.0% during the 1st quarter. Covestor Ltd now owns 2,351 shares of the company's stock valued at $94,000 after buying an additional 2,103 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Invitation Homes stock traded down $0.52 during midday trading on Tuesday, reaching $33.05. 1,844,631 shares of the stock traded hands, compared to its average volume of 3,185,353. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The firm has a market cap of $20.24 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 2.00 and a beta of 0.94. The firm has a fifty day moving average price of $34.18 and a two-hundred day moving average price of $33.33.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The business had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. On average, equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.39%. Invitation Homes's payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INVH shares. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Tuesday, February 27th. Oppenheimer boosted their price objective on Invitation Homes from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, January 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Invitation Homes in a report on Thursday, February 15th. KeyCorp lifted their target price on Invitation Homes from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Friday, January 5th. Finally, Morgan Stanley dropped their price target on Invitation Homes from $38.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 26th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.19.

Insider Activity

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the business's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

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.