Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Aew Capital Management L P

Aew Capital Management L P lifted its stake in Invitation Homes Inc. (NYSE:INVH) by 19.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 759,945 shares of the company’s stock after purchasing an additional 121,090 shares during the period. Invitation Homes makes up about 1.2% of Aew Capital Management L P’s investment portfolio, making the stock its 22nd biggest position. Aew Capital Management L P’s holdings in Invitation Homes were worth $24,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $48,000. Brooklyn Investment Group acquired a new stake in shares of Invitation Homes in the third quarter valued at approximately $49,000. Finally, Huntington National Bank increased its holdings in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after purchasing an additional 699 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on INVH shares. Royal Bank of Canada lowered their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Trading Up 2.1 %

NYSE:INVH opened at $34.02 on Friday. The firm has a market cap of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. The stock has a fifty day moving average price of $31.48 and a 200 day moving average price of $33.45. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Invitation Homes 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.