6,689 Shares in Invitation Homes Inc. (NYSE:INVH) Acquired by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, Holdings Channel reports. The fund purchased 6,689 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Invitation Homes by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock worth $480,276,000 after purchasing an additional 365,954 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Invitation Homes by 253.0% during the 4th quarter. Franklin Resources Inc. now owns 167,465 shares of the company’s stock worth $5,354,000 after acquiring an additional 120,019 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Invitation Homes by 13.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,285,538 shares of the company’s stock valued at $41,099,000 after acquiring an additional 155,648 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Invitation Homes by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 53,997 shares of the company’s stock worth $1,726,000 after acquiring an additional 2,089 shares in the last quarter. Finally, Allstate Corp lifted its stake in Invitation Homes by 25.5% during the fourth quarter. Allstate Corp now owns 135,750 shares of the company’s stock worth $4,340,000 after purchasing an additional 27,542 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $32.49 on Friday. The stock has a fifty day moving average price of $32.84 and a 200 day moving average price of $33.06. 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. The company has a market cap of $19.91 billion, a PE ratio of 45.76, a P/E/G ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INVH shares. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes currently has an average rating of “Hold” and a consensus price target of $37.47.

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.