Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.2% during the first quarter, Holdings Channel reports. The fund owned 1,106,354 shares of the company’s stock after purchasing an additional 24,219 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Invitation Homes were worth $39,397,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Invitation Homes in the 4th quarter worth about $1,346,883,000. Canada Pension Plan Investment Board raised its holdings in shares of Invitation Homes by 27.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after purchasing an additional 3,351,424 shares during the period. Boston Partners purchased a new position in shares of Invitation Homes in the 4th quarter worth about $105,282,000. Goldman Sachs Group Inc. raised its holdings in shares of Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after purchasing an additional 2,169,522 shares during the period. Finally, First Financial Bankshares Inc purchased a new position in shares of Invitation Homes in the 4th quarter worth about $45,104,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada cut their price objective on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $38.00 price objective on shares of Invitation Homes in a report on Monday, June 17th. Scotiabank raised their price objective on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Barclays dropped their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Mizuho dropped their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.44.

Invitation Homes Stock Performance

NYSE:INVH traded up $0.19 during midday trading on Monday, reaching $34.26. 2,244,243 shares of the company traded hands, compared to its average volume of 3,231,272. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.92. The company has a fifty day moving average price of $35.30 and a 200 day moving average price of $34.51. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 3.83 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $646.04 million for the quarter, compared to analyst estimates of $630.97 million. On average, analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.27%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insiders Place Their Bets

In other news, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

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.