NEOS Investment Management LLC Raises Holdings in Invitation Homes Inc. (NYSE:INVH)

NEOS Investment Management LLC boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 30.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,942 shares of the company’s stock after buying an additional 7,461 shares during the period. NEOS Investment Management LLC’s holdings in Invitation Homes were worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after purchasing an additional 4,661,213 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Invitation Homes by 46.8% in the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock valued at $39,737,000 after buying an additional 396,319 shares in the last quarter. Finally, State Street Corp grew its position in shares of Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after buying an additional 298,307 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes Stock Performance

NYSE INVH opened at $34.48 on Friday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week 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. The firm has a market capitalization of $21.12 billion, a P/E ratio of 48.56, a PEG ratio of 4.70 and a beta of 1.03. The stock has a 50-day simple moving average of $32.51 and a two-hundred day simple moving average of $33.12.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. Invitation Homes’s dividend payout ratio is currently 158.90%.

About Invitation Homes

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.