UniSuper Management Pty Ltd Buys 16,216 Shares of Invitation Homes Inc. (NYSE:INVH)

UniSuper Management Pty Ltd grew its stake in Invitation Homes Inc. (NYSE:INVH) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,532 shares of the company’s stock after purchasing an additional 16,216 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Invitation Homes were worth $7,786,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of INVH. Lindbrook Capital LLC lifted its stake in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings 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 valued at $33,000 after purchasing an additional 378 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after purchasing an additional 408 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Invitation Homes by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock worth $235,000 after purchasing an additional 412 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV grew its position in Invitation Homes by 2.8% in the 4th quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock worth $506,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.5 %

Shares of INVH stock opened at $34.20 on Friday. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 48.17, a PEG ratio of 4.70 and a beta of 1.03. The company’s fifty day simple moving average is $32.45 and its two-hundred day simple moving average is $33.15. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $658.71 million. As a group, analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.39%. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INVH shares. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reissued an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of “Hold” and an average target price of $37.56.

Invitation Homes Company 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.