E. Ohman J or Asset Management AB Acquires Shares of 18,300 Invitation Homes Inc. (NYSE:INVH)

E. Ohman J or Asset Management AB acquired a new stake in shares of Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, Holdings Channel.com reports. The firm acquired 18,300 shares of the company’s stock, valued at approximately $585,000.

A number of other hedge funds have also bought and sold shares of INVH. AQR Capital Management LLC increased its position in Invitation Homes by 62.3% during the second quarter. AQR Capital Management LLC now owns 65,377 shares of the company’s stock valued at $2,300,000 after acquiring an additional 25,104 shares during the last quarter. Creative Planning grew its holdings in shares of Invitation Homes by 11.8% in the second quarter. Creative Planning now owns 25,529 shares of the company’s stock worth $916,000 after purchasing an additional 2,699 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Invitation Homes in the second quarter worth about $214,000. Sanctuary Advisors LLC bought a new position in shares of Invitation Homes in the second quarter worth about $200,000. Finally, Czech National Bank grew its holdings in shares of Invitation Homes by 5.8% in the third quarter. Czech National Bank now owns 116,056 shares of the company’s stock worth $4,092,000 after purchasing an additional 6,335 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Barclays cut their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Royal Bank of Canada cut their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Performance

INVH stock opened at $31.53 on Thursday. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 4.55 and a beta of 1.04. The firm has a 50-day simple moving average of $31.95 and a two-hundred day simple moving average of $33.82. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.68%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio is presently 163.38%.

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.