Duff & Phelps Investment Management Co. Has $40.96 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Duff & Phelps Investment Management Co. increased its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,200,715 shares of the company's stock after buying an additional 94,500 shares during the period. Duff & Phelps Investment Management Co. owned about 0.20% of Invitation Homes worth $40,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INVH. AE Wealth Management LLC grew its holdings in shares of Invitation Homes by 11.3% in the 3rd quarter. AE Wealth Management LLC now owns 10,868 shares of the company's stock worth $345,000 after acquiring an additional 1,105 shares during the period. Handelsbanken Fonder AB increased its position in shares of Invitation Homes by 4.1% in the third quarter. Handelsbanken Fonder AB now owns 156,207 shares of the company's stock valued at $4,950,000 after buying an additional 6,161 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Invitation Homes by 71,442.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 47,218 shares of the company's stock worth $1,496,000 after buying an additional 47,152 shares during the last quarter. Xponance Inc. boosted its position in shares of Invitation Homes by 5.1% in the 3rd quarter. Xponance Inc. now owns 78,548 shares of the company's stock worth $2,489,000 after buying an additional 3,845 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Invitation Homes by 16.6% in the 3rd quarter. Raymond James & Associates now owns 101,668 shares of the company's stock valued at $3,222,000 after acquiring an additional 14,465 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent research reports. Citigroup reaffirmed a "neutral" rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. KeyCorp upped their target price on Invitation Homes from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Invitation Homes in a research report on Tuesday, January 30th. They set a "hold" rating and a $35.00 price target for the company. Raymond James upped their price objective on Invitation Homes from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, March 28th. Finally, JMP Securities reiterated a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Invitation Homes presently has a consensus rating of "Moderate Buy" and an average target price of $38.19.

Invitation Homes Trading Down 1.1 %

Shares of INVH traded down $0.38 during mid-day trading on Tuesday, reaching $34.20. The company had a trading volume of 4,365,410 shares, compared to its average volume of 3,134,835. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The firm has a fifty day simple moving average of $34.42 and a 200-day simple moving average of $33.46. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53.

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

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Wednesday, March 27th. Invitation Homes's payout ratio is currently 133.33%.

Insider Activity

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares of the company's stock, valued at approximately $1,287,035.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.