3,086,524 Shares in Invitation Homes Inc. (NYSE:INVH) Acquired by Boston Partners

Boston Partners purchased a new position in Invitation Homes Inc. (NYSE:INVH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,086,524 shares of the company's stock, valued at approximately $105,282,000. Boston Partners owned about 0.50% of Invitation Homes at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Invitation Homes by 1.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company's stock valued at $146,569,000 after buying an additional 40,558 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Invitation Homes by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company's stock worth $206,952,000 after purchasing an additional 144,897 shares during the period. M&T Bank Corp raised its position in shares of Invitation Homes by 1.0% during the 3rd quarter. M&T Bank Corp now owns 73,517 shares of the company's stock valued at $2,330,000 after purchasing an additional 756 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Invitation Homes by 5.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company's stock valued at $1,233,000 after buying an additional 1,974 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Invitation Homes in the 3rd quarter worth $3,481,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 0.7 %

INVH stock traded up $0.23 during mid-day trading on Tuesday, reaching $34.98. The company had a trading volume of 2,256,600 shares, compared to its average volume of 3,194,323. The firm has a 50 day moving average of $34.61 and a 200 day moving average of $33.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53. The company has a market capitalization of $21.43 billion, a PE ratio of 39.94, a price-to-earnings-growth ratio of 2.11 and a beta of 0.95.

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). The firm had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. On average, equities analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal 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 $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. Invitation Homes's dividend payout ratio is currently 128.74%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of recent analyst reports. BNP Paribas assumed coverage on Invitation Homes in a research note on Monday, January 22nd. They issued an "outperform" rating and a $39.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a "hold" rating and a $35.00 price target on the stock. Evercore ISI restated an "in-line" rating and set a $36.00 price objective on shares of Invitation Homes in a research report on Monday, March 18th. Raymond James boosted their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Thursday, March 28th. Finally, JMP Securities reiterated a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.25.

Insider Activity

In related news, COO Charles D. Young sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares of the company's stock, valued at $9,594,065.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Charles D. Young sold 5,000 shares of the company's stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company's stock.

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.