Boston Partners Has $111.37 Million Position in Invitation Homes Inc. (NYSE:INVH)

Boston Partners increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.1% during the 4th quarter, HoldingsChannel reports. The firm owned 3,483,807 shares of the company’s stock after purchasing an additional 229,832 shares during the period. Boston Partners’ holdings in Invitation Homes were worth $111,366,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after purchasing an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Invitation Homes during the 3rd quarter valued at about $263,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after purchasing an additional 31,184 shares in the last quarter. Swedbank AB lifted its holdings in shares of Invitation Homes by 25.1% during the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after purchasing an additional 115,211 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Invitation Homes during the 3rd quarter valued at about $3,825,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.6 %

Shares of Invitation Homes stock opened at $34.01 on Wednesday. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The stock has a market cap of $20.84 billion, a P/E ratio of 47.90, 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 moving average is $31.97 and its 200-day moving average is $33.24.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is presently 158.90%.

Analysts Set New Price Targets

Several research firms have recently weighed in on INVH. Barclays reiterated an “overweight” rating and set a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and an average price target of $37.65.

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.