Invitation Homes Inc. (NYSE:INVH) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,747,096 shares of the company's stock after purchasing an additional 704,351 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.78% of Invitation Homes worth $162,238,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company's stock valued at $74,000 after buying an additional 1,061 shares during the last quarter. GAMMA Investing LLC acquired a new position in Invitation Homes in the fourth quarter valued at approximately $79,000. NBC Securities Inc. acquired a new position in Invitation Homes in the third quarter valued at approximately $86,000. Sentry Investment Management LLC acquired a new position in Invitation Homes in the third quarter valued at approximately $106,000. Finally, Ninepoint Partners LP acquired a new position in Invitation Homes in the fourth quarter valued at approximately $109,000. Institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. KeyCorp upped their target price on Invitation Homes from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Friday, January 5th. Oppenheimer upped their target price on Invitation Homes from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, January 5th. Mizuho upped their target price on Invitation Homes from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 20th. Raymond James upped their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Finally, JMP Securities reissued a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.19.

Invitation Homes Trading Up 0.7 %

NYSE:INVH traded up $0.24 during trading hours on Friday, hitting $34.72. The company had a trading volume of 3,782,636 shares, compared to its average volume of 2,340,332. 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 company has a 50-day moving average of $34.38 and a 200 day moving average of $33.44. The company has a market cap of $21.27 billion, a P/E ratio of 41.32, a P/E/G ratio of 2.04 and a beta of 0.94. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results 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). The company had revenue of $624.32 million during the quarter, compared to analysts' expectations of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Wednesday, March 27th. Invitation Homes's dividend payout ratio is presently 133.33%.

Insider Transactions at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Company 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.