Illinois Municipal Retirement Fund Acquires 34,281 Shares of Invitation Homes Inc. (NYSE:INVH)

Illinois Municipal Retirement Fund increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 33.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,877 shares of the company’s stock after acquiring an additional 34,281 shares during the period. Illinois Municipal Retirement Fund’s holdings in Invitation Homes were worth $4,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of INVH. Allworth Financial LP boosted its position in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Assetmark Inc. increased its position in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in Invitation Homes during the fourth quarter valued at $48,000. Brooklyn Investment Group bought a new stake in Invitation Homes in the third quarter worth $49,000. Finally, Huntington National Bank grew its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after acquiring an additional 699 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH opened at $31.57 on Thursday. The firm has a market capitalization of $19.34 billion, a P/E ratio of 44.47, a PEG ratio of 4.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The business has a fifty day moving average of $31.45 and a 200 day moving average of $33.45.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio is currently 163.38%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INVH shares. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Barclays lowered their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and an average 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.