Gamco Investors INC. ET AL lowered its position in shares of Invitation Homes Inc. (NYSE:INVH – Get Rating) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,187 shares of the company’s stock after selling 1,439 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Invitation Homes were worth $9,983,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Cohen & Steers Inc. boosted its position in Invitation Homes by 249.1% during the 3rd quarter. Cohen & Steers Inc. now owns 34,664,520 shares of the company’s stock worth $1,328,813,000 after acquiring an additional 24,734,553 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Invitation Homes by 11.7% in the 3rd quarter. Invesco Ltd. now owns 13,797,197 shares of the company’s stock valued at $528,848,000 after buying an additional 1,442,744 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Invitation Homes by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,257,351 shares of the company’s stock valued at $354,422,000 after buying an additional 747,584 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Invitation Homes by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,821,537 shares of the company’s stock valued at $338,138,000 after buying an additional 43,107 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Invitation Homes by 16.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,254,580 shares of the company’s stock valued at $374,262,000 after buying an additional 1,140,114 shares during the last quarter.
NYSE:INVH opened at $36.21 on Monday. The stock’s 50-day simple moving average is $39.89 and its 200 day simple moving average is $40.97. Invitation Homes Inc. has a twelve month low of $35.21 and a twelve month high of $45.80. The firm has a market capitalization of $22.10 billion, a PE ratio of 72.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.88. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Tuesday, May 10th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, May 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.43%. Invitation Homes’s dividend payout ratio (DPR) is 176.00%.
A number of research firms recently weighed in on INVH. KeyCorp began coverage on Invitation Homes in a research note on Tuesday, February 1st. They issued an “overweight” rating and a $46.00 price target on the stock. Mizuho dropped their price target on Invitation Homes from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, March 30th. Zacks Investment Research cut Invitation Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. BMO Capital Markets began coverage on Invitation Homes in a research note on Thursday, April 14th. They issued a “market perform” rating and a $45.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Invitation Homes from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $46.69.
Invitation Homes Company Profile (Get Rating)
Invitation Homes is the nation's premier single-family home leasing 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.
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