Invitation Homes Inc. (NYSE:INVH) Shares Bought by Aew Capital Management L P

Aew Capital Management L P raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 759,945 shares of the company’s stock after purchasing an additional 121,090 shares during the quarter. Invitation Homes accounts for 1.2% of Aew Capital Management L P’s portfolio, making the stock its 22nd largest position. Aew Capital Management L P owned approximately 0.12% of Invitation Homes worth $24,295,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC purchased a new stake in Invitation Homes during the 3rd quarter valued at about $263,000. Swedbank AB grew its stake in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invitation Homes during the 3rd quarter valued at about $3,825,000. HighTower Advisors LLC grew its stake in Invitation Homes by 696.9% during the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after purchasing an additional 61,973 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Invitation Homes during the 3rd quarter valued at about $4,876,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

INVH has been the topic of several research analyst reports. Barclays dropped their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Keefe, Bruyette & Woods lowered their target price on 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. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, 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. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.02 on Friday. The business’s 50 day moving average is $31.48 and its two-hundred day moving average is $33.45. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a market capitalization of $20.84 billion, a P/E ratio of 47.91, a P/E/G ratio of 4.70 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 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%. The business had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is presently 158.90%.

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.