Parallel Advisors LLC Acquires 784 Shares of Invitation Homes Inc. (NYSE:INVH)

Parallel Advisors LLC raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 18.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,104 shares of the company’s stock after buying an additional 784 shares during the period. Parallel Advisors LLC’s holdings in Invitation Homes were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in INVH. JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the last quarter. abrdn plc raised its holdings in shares of Invitation Homes by 14.4% in the fourth quarter. abrdn plc now owns 368,264 shares of the company’s stock valued at $11,740,000 after purchasing an additional 46,223 shares during the last quarter. E. Ohman J or Asset Management AB purchased a new stake in shares of Invitation Homes in the fourth quarter valued at about $585,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Invitation Homes by 6.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,397 shares of the company’s stock valued at $2,545,000 after purchasing an additional 4,747 shares during the last quarter. Finally, Vanderbilt University raised its holdings in shares of Invitation Homes by 130.2% in the fourth quarter. Vanderbilt University now owns 154,405 shares of the company’s stock valued at $4,936,000 after purchasing an additional 87,326 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INVH has been the subject of several analyst reports. Raymond James increased their target price on shares of Invitation Homes from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, May 9th. The Goldman Sachs Group increased their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Scotiabank increased their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, May 5th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.94.

Invitation Homes Price Performance

INVH stock opened at $32.90 on Friday. The firm has a 50 day moving average of $33.53 and a 200-day moving average of $32.89. 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 capitalization of $20.17 billion, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

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

Invitation Homes Dividend Announcement

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 yield of 3.53%. Invitation Homes’s payout ratio is presently 150.65%.

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.