Norges Bank Acquires New Shares in Invitation Homes Inc. (NYSE:INVH)

Norges Bank bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,510,613 shares of the company’s stock, valued at approximately $1,646,794,000. Norges Bank owned approximately 8.41% of Invitation Homes as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathstone Holdings LLC raised its position in shares of Invitation Homes by 2.4% during the 3rd quarter. Pathstone Holdings LLC now owns 44,764 shares of the company’s stock worth $1,581,000 after purchasing an additional 1,031 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Invitation Homes by 43.6% during the third quarter. Cerity Partners LLC now owns 22,029 shares of the company’s stock valued at $777,000 after acquiring an additional 6,685 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Invitation Homes during the 3rd quarter worth about $107,000. Bank of Montreal Can lifted its holdings in Invitation Homes by 5.4% in the 3rd quarter. Bank of Montreal Can now owns 574,117 shares of the company’s stock valued at $20,094,000 after purchasing an additional 29,260 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Invitation Homes by 1.5% during the third quarter. The Manufacturers Life Insurance Company now owns 401,160 shares of the company’s stock worth $14,145,000 after buying an additional 6,031 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods increased their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Trading Up 0.8 %

NYSE:INVH opened at $34.35 on Thursday. The business’s 50 day moving average is $32.31 and its two-hundred day moving average is $33.14. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The company has a market cap of $21.04 billion, a PE ratio of 48.37, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $658.71 million. On average, analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. Invitation Homes’s payout ratio is currently 158.90%.

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.