Invitation Homes Inc. (NYSE:INVH) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 74.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,949,043 shares of the company’s stock after purchasing an additional 4,661,213 shares during the quarter. JPMorgan Chase & Co. owned about 1.79% of Invitation Homes worth $350,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INVH. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Invitation Homes by 9.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325,625 shares of the company’s stock valued at $42,327,000 after buying an additional 109,278 shares during the last quarter. Korea Investment CORP lifted its position in Invitation Homes by 8.6% during the 4th quarter. Korea Investment CORP now owns 567,647 shares of the company’s stock worth $18,148,000 after acquiring an additional 44,769 shares during the period. Prestige Wealth Management Group LLC grew its stake in Invitation Homes by 7.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 7,963 shares of the company’s stock valued at $257,000 after purchasing an additional 526 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invitation Homes by 34.0% in the fourth quarter. LPL Financial LLC now owns 77,001 shares of the company’s stock worth $2,462,000 after purchasing an additional 19,525 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Invitation Homes during the fourth quarter worth about $6,604,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Barclays reiterated an “overweight” rating and set a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Performance

Shares of INVH opened at $34.48 on Monday. The stock has a market capitalization of $21.12 billion, a P/E ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. 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 Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The company’s fifty day moving average is $32.51 and its two-hundred day moving average is $33.12.

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

Invitation Homes Announces Dividend

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

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.