Skandinaviska Enskilda Banken AB publ increased its position in shares of Invitation Homes Inc (NYSE:INVH) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,100 shares of the company’s stock after purchasing an additional 6,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Invitation Homes were worth $1,082,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INVH. Asset Management One Co. Ltd. increased its stake in Invitation Homes by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,339,592 shares of the company’s stock worth $40,148,000 after buying an additional 114,326 shares during the period. Brookfield Hedge Solutions LLC purchased a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $2,997,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Invitation Homes by 23.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 85,361 shares of the company’s stock valued at $2,558,000 after purchasing an additional 16,022 shares during the period. Castle Hook Partners LP purchased a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $14,985,000. Finally, MKP Capital Management L.L.C. bought a new position in Invitation Homes in the fourth quarter worth approximately $1,588,000.

Several research analysts have commented on INVH shares. Wells Fargo & Co initiated coverage on Invitation Homes in a report on Tuesday, February 18th. They set an “overweight” rating and a $36.00 price objective on the stock. Deutsche Bank lowered their target price on Invitation Homes from $35.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Zacks Investment Research downgraded Invitation Homes from a “hold” rating to a “sell” rating in a research report on Friday, March 13th. Royal Bank of Canada restated a “buy” rating and set a $31.00 price target on shares of Invitation Homes in a research note on Wednesday, March 4th. Finally, Credit Suisse Group restated a “buy” rating on shares of Invitation Homes in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Invitation Homes presently has a consensus rating of “Hold” and an average price target of $30.63.

In other Invitation Homes news, COO Charles D. Young sold 20,201 shares of Invitation Homes stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $29.79, for a total value of $601,787.79. Following the transaction, the chief operating officer now owns 190,422 shares in the company, valued at $5,672,671.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.

Invitation Homes stock traded up $1.06 during mid-day trading on Thursday, reaching $19.94. 579,678 shares of the company were exchanged, compared to its average volume of 6,434,354. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.50 and a current ratio of 0.50. The firm has a market cap of $9.83 billion, a P/E ratio of 73.85, a PEG ratio of 2.01 and a beta of 0.47. The business has a fifty day moving average of $27.92 and a 200 day moving average of $29.44. Invitation Homes Inc has a 12-month low of $15.64 and a 12-month high of $32.70.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.21). The company had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $450.54 million. Invitation Homes had a net margin of 8.23% and a return on equity of 1.78%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. Sell-side analysts predict that Invitation Homes Inc will post 1.29 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 11th. This represents a $0.60 dividend on an annualized basis and a yield of 3.01%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.13. Invitation Homes’s dividend payout ratio (DPR) is presently 48.00%.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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