abrdn plc Has $17.17 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

abrdn plc increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,294 shares of the company’s stock after purchasing an additional 119,180 shares during the quarter. abrdn plc owned approximately 0.08% of Invitation Homes worth $17,167,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Invitation Homes by 1.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock worth $146,569,000 after buying an additional 40,558 shares in the last quarter. M&T Bank Corp increased its holdings in Invitation Homes by 1.0% during the 3rd quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock valued at $2,330,000 after purchasing an additional 756 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in Invitation Homes by 5.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,974 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Invitation Homes in the third quarter worth $3,481,000. Finally, Advisors Asset Management Inc. boosted its stake in Invitation Homes by 23.9% in the third quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock worth $2,620,000 after purchasing an additional 15,935 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on INVH shares. KeyCorp lifted their price target on Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, January 5th. BNP Paribas started coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They set an “outperform” rating and a $39.00 target price on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Citigroup restated a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Invitation Homes in a research report on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Stock Up 0.5 %

Shares of NYSE:INVH opened at $34.31 on Thursday. The company has a 50 day moving average price of $34.27 and a two-hundred day moving average price of $33.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market capitalization of $21.01 billion, a PE ratio of 40.85, a PEG ratio of 2.02 and a beta of 0.94. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. Analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

Insider Activity

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by company insiders.

Invitation Homes 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.