DnB Asset Management AS Raises Stake in Invitation Homes Inc. (NYSE:INVH)

DnB Asset Management AS raised its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,931 shares of the company’s stock after buying an additional 2,536 shares during the quarter. DnB Asset Management AS’s holdings in Invitation Homes were worth $3,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Portfolio Solutions LLC increased its holdings in shares of Invitation Homes by 32.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 9,847 shares of the company’s stock worth $315,000 after purchasing an additional 2,386 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Invitation Homes by 3.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 932,807 shares of the company’s stock worth $29,822,000 after acquiring an additional 35,214 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Invitation Homes in the 4th quarter worth about $7,885,000. Norges Bank purchased a new stake in shares of Invitation Homes in the 4th quarter valued at about $1,646,794,000. Finally, NEOS Investment Management LLC boosted its position in shares of Invitation Homes by 30.5% during the 4th quarter. NEOS Investment Management LLC now owns 31,942 shares of the company’s stock valued at $1,021,000 after acquiring an additional 7,461 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Up 1.1 %

Shares of INVH opened at $34.86 on Tuesday. The stock has a market capitalization of $21.36 billion, a P/E ratio of 49.10, 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 $32.58 and a two-hundred day simple moving average of $33.09.

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 3.33%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Analyst Ratings Changes

Several research analysts recently weighed in on INVH shares. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.47.

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.