Allstate Corp Purchases 27,542 Shares of Invitation Homes Inc. (NYSE:INVH)

Allstate Corp boosted its position in Invitation Homes Inc. (NYSE:INVH) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,750 shares of the company’s stock after purchasing an additional 27,542 shares during the quarter. Allstate Corp’s holdings in Invitation Homes were worth $4,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. DnB Asset Management AS boosted its stake in Invitation Homes by 2.5% during the fourth quarter. DnB Asset Management AS now owns 102,931 shares of the company’s stock valued at $3,291,000 after buying an additional 2,536 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Invitation Homes by 32.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 9,847 shares of the company’s stock valued at $315,000 after acquiring an additional 2,386 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Invitation Homes by 3.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 932,807 shares of the company’s stock valued at $29,822,000 after acquiring an additional 35,214 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Invitation Homes during the 4th quarter valued at about $7,885,000. Finally, Norges Bank bought a new position in shares of Invitation Homes in the fourth quarter worth approximately $1,646,794,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Up 0.9 %

Shares of INVH opened at $34.48 on Friday. The stock has a market capitalization of $21.12 billion, a P/E ratio of 48.56, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $32.51 and a two-hundred day simple moving average of $33.14.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on INVH. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reiterated an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group cut 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. Finally, Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.47.

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.