Aster Capital Management DIFC Ltd Acquires Shares of 34,676 Invitation Homes Inc. (NYSE:INVH)

Aster Capital Management DIFC Ltd bought a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 34,676 shares of the company’s stock, valued at approximately $1,109,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Invitation Homes in the fourth quarter worth approximately $1,646,794,000. JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after purchasing an additional 4,661,213 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Invitation Homes by 46.8% in the fourth quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock worth $39,737,000 after purchasing an additional 396,319 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the topic of several recent research reports. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Barclays reissued an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Stock Performance

NYSE:INVH opened at $32.49 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm’s 50-day moving average is $32.84 and its 200-day moving average is $33.06. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last issued its quarterly 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 firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 annualized dividend and a yield of 3.57%. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

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.