Stevens Capital Management LP Purchases New Stake in Invitation Homes Inc. (NYSE:INVH)

Stevens Capital Management LP purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 35,634 shares of the company’s stock, valued at approximately $1,215,000.

A number of other hedge funds have also modified their holdings of INVH. Principal Financial Group Inc. grew its stake in shares of Invitation Homes by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company’s stock worth $658,403,000 after acquiring an additional 138,213 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Invitation Homes by 9.6% during the third quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock valued at $390,912,000 after purchasing an additional 1,080,000 shares during the last quarter. Morgan Stanley raised its stake in shares of Invitation Homes by 19.5% during the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after purchasing an additional 1,466,330 shares in the last quarter. Northern Trust Corp grew its position in shares of Invitation Homes by 2.2% in the 3rd quarter. Northern Trust Corp now owns 7,066,681 shares of the company’s stock valued at $223,943,000 after acquiring an additional 151,903 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Invitation Homes by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,922,291 shares of the company’s stock worth $187,677,000 after purchasing an additional 20,555 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INVH. Deutsche Bank Aktiengesellschaft started coverage on Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 target price on the stock. Jefferies Financial Group upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $41.00 in a research report on Tuesday, January 2nd. Evercore ISI reiterated an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. BNP Paribas assumed coverage on shares of Invitation Homes in a report on Monday, January 22nd. They set an “outperform” rating and a $39.00 target price on the stock. Finally, Oppenheimer lifted their price target on shares of Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.19.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Invitation Homes Trading Up 0.7 %

INVH stock traded up $0.24 during trading on Friday, reaching $34.72. The company had a trading volume of 3,782,628 shares, compared to its average volume of 3,126,162. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The company has a market cap of $21.27 billion, a P/E ratio of 41.04, a PEG ratio of 2.03 and a beta of 0.94. The business has a 50 day moving average of $34.34 and a 200 day moving average of $33.42.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. As a group, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.23%. Invitation Homes’s dividend payout ratio (DPR) is 133.33%.

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.