Schonfeld Strategic Advisors LLC Purchases 604,588 Shares of Invitation Homes Inc. (NYSE:INVH)

Schonfeld Strategic Advisors LLC raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 693.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691,792 shares of the company’s stock after acquiring an additional 604,588 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.11% of Invitation Homes worth $22,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVH. Lindbrook Capital LLC increased its stake in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after buying an additional 329 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares during the last quarter. Allworth Financial LP raised its holdings in Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new position in Invitation Homes during the fourth quarter valued at approximately $48,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. 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. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Raymond James dropped their target price on shares of Invitation Homes from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.38.

Invitation Homes Trading Down 1.0 %

Shares of Invitation Homes stock opened at $33.66 on Wednesday. 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 50-day moving average of $33.36 and a 200-day moving average of $32.79. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The stock has a market cap of $20.63 billion, a PE ratio of 47.40, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data 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 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 the consensus estimate of $658.71 million. As a group, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.45%. Invitation Homes’s dividend payout ratio is presently 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.