Metis Global Partners LLC Boosts Stake in Invitation Homes Inc. (NYSE:INVH)

Metis Global Partners LLC raised its position in Invitation Homes Inc. (NYSE:INVH) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,624 shares of the company’s stock after purchasing an additional 7,125 shares during the quarter. Metis Global Partners LLC’s holdings in Invitation Homes were worth $2,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Square LLC raised its position in Invitation Homes by 1.3% in the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company’s stock worth $837,000 after purchasing an additional 308 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after acquiring an additional 408 shares during the period. Carnegie Lake Advisors LLC increased its position in shares of Invitation Homes by 1.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company’s stock worth $1,118,000 after acquiring an additional 500 shares during the period. Creative Planning increased its position in shares of Invitation Homes by 2.4% during the third quarter. Creative Planning now owns 26,129 shares of the company’s stock worth $921,000 after acquiring an additional 600 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Invitation Homes by 11.4% during the third quarter. Assenagon Asset Management S.A. now owns 6,571 shares of the company’s stock worth $232,000 after acquiring an additional 675 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of INVH opened at $34.02 on Friday. The company has a market cap of $20.84 billion, a price-to-earnings ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. 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 company has a 50 day moving average of $31.52 and a two-hundred day moving average of $33.44.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is presently 158.90%.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Barclays reduced their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Finally, Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.