Wexford Capital LP Buys New Holdings in Invitation Homes Inc. (NYSE:INVH)

Wexford Capital LP bought a new stake in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after buying an additional 2,344 shares in the last quarter. Capital World Investors bought a new stake in Invitation Homes during the 4th quarter worth approximately $4,891,000. Charles Schwab Investment Management Inc. increased its holdings in Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after purchasing an additional 31,184 shares in the last quarter. OFI Invest Asset Management bought a new stake in Invitation Homes during the 4th quarter worth approximately $595,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its holdings in Invitation Homes by 0.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after purchasing an additional 44,945 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on INVH shares. Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Raymond James boosted their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Scotiabank upped their target price on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Finally, Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Invitation Homes has an average rating of “Hold” and an average price target of $37.94.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.38 on Tuesday. The stock has a fifty day simple moving average of $33.70 and a two-hundred day simple moving average of $32.89. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. 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 (NYSE:INVH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same period in the prior year, the company earned $0.47 earnings per share. Invitation Homes’s revenue was up 4.4% compared to the same quarter last year. Analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 150.65%.

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.