Charles Schwab Investment Management Inc. Acquires 31,184 Shares of Invitation Homes Inc. (NYSE:INVH)

Charles Schwab Investment Management Inc. raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,598,451 shares of the company’s stock after purchasing an additional 31,184 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Invitation Homes were worth $210,952,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of Invitation Homes by 78.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company’s stock worth $59,000 after purchasing an additional 806 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Aew Capital Management L P grew its holdings in shares of Invitation Homes by 19.0% during the fourth quarter. Aew Capital Management L P now owns 759,945 shares of the company’s stock valued at $24,295,000 after buying an additional 121,090 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Invitation Homes by 9.2% during the fourth quarter. Metis Global Partners LLC now owns 84,624 shares of the company’s stock valued at $2,705,000 after acquiring an additional 7,125 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

NYSE:INVH opened at $33.81 on Friday. The stock has a market cap of $20.72 billion, a PE ratio of 47.62, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $31.62 and its two-hundred day simple moving average is $33.41. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. As a group, analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.43%. Invitation Homes’s dividend payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on INVH shares. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reduced their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and an average target price of $37.53.

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.