NEOS Investment Management LLC Grows Stock Position in Invitation Homes Inc. (NYSE:INVH)

NEOS Investment Management LLC increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 30.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,942 shares of the company’s stock after purchasing an additional 7,461 shares during the quarter. NEOS Investment Management LLC’s holdings in Invitation Homes were worth $1,021,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after buying an additional 4,661,213 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after acquiring an additional 31,184 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Invitation Homes by 0.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after acquiring an additional 44,945 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after acquiring an additional 4,883,564 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.9 %

NYSE INVH opened at $34.48 on Friday. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The firm has a 50 day simple moving average of $32.51 and a 200-day simple moving average of $33.12. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business 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%. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is presently 158.90%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INVH. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays reaffirmed an “overweight” rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Hold” and a consensus price target of $37.47.

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.