Paloma Partners Management Co Makes New Investment in Invitation Homes Inc. (NYSE:INVH)

Paloma Partners Management Co bought a new position in Invitation Homes Inc. (NYSE:INVH) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,118 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. purchased a new position in shares of Invitation Homes in the first quarter worth $26,000. Creekmur Asset Management LLC purchased a new position in shares of Invitation Homes in the fourth quarter worth $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after buying an additional 1,061 shares during the period. Mather Group LLC. purchased a new position in shares of Invitation Homes in the first quarter worth $75,000. Finally, Bessemer Group Inc. increased its stake in shares of Invitation Homes by 55.2% in the first quarter. Bessemer Group Inc. now owns 2,296 shares of the company’s stock worth $83,000 after buying an additional 817 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Invitation Homes Stock Up 0.6 %

Invitation Homes stock traded up $0.21 during mid-day trading on Monday, reaching $34.28. The stock had a trading volume of 3,690,744 shares, compared to its average volume of 3,241,832. The company has a market capitalization of $21.00 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 3.83 and a beta of 0.99. The company has a 50-day moving average price of $35.30 and a two-hundred day moving average price of $34.51. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The firm had revenue of $646.04 million during the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. On average, analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s payout ratio is 128.74%.

Analyst Upgrades and Downgrades

INVH has been the topic of several analyst reports. Royal Bank of Canada decreased their target price on shares of Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Friday. Scotiabank lifted their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $38.00 price target on shares of Invitation Homes in a report on Monday, June 17th. Evercore ISI upgraded shares of Invitation Homes from an “in-line” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average price target of $38.44.

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.