Centiva Capital LP Makes New $2.70 Million Investment in Invitation Homes Inc. (NYSE:INVH)

Centiva Capital LP bought a new stake in shares of Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 84,370 shares of the company’s stock, valued at approximately $2,697,000.

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

Invitation Homes Stock Down 1.3 %

Shares of INVH opened at $35.01 on Tuesday. 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 Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The firm has a market cap of $21.45 billion, a P/E ratio of 49.30, a PEG ratio of 4.70 and a beta of 0.87. The stock’s 50 day moving average is $33.60 and its two-hundred day moving average is $32.81.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.31%. Invitation Homes’s payout ratio is currently 150.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INVH. Barclays restated an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Royal Bank of Canada lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Raymond James reduced their price objective on Invitation Homes from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Hold” and an average price target of $37.56.

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.