Cohen & Steers Inc. Has $2.75 Billion Stake in Invitation Homes Inc. (NYSE:INVH)

Cohen & Steers Inc. raised its holdings in shares of Invitation Homes Inc. (NYSE:INVHFree Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,498,790 shares of the company’s stock after purchasing an additional 1,008,392 shares during the quarter. Invitation Homes accounts for approximately 5.6% of Cohen & Steers Inc.’s portfolio, making the stock its 6th largest position. Cohen & Steers Inc. owned about 13.15% of Invitation Homes worth $2,746,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of INVH. First Financial Bankshares Inc purchased a new position in Invitation Homes during the 4th quarter worth $45,104,000. Nomura Holdings Inc. purchased a new position in Invitation Homes during the 4th quarter worth $3,482,000. Elo Mutual Pension Insurance Co boosted its holdings in Invitation Homes by 4.6% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 53,427 shares of the company’s stock worth $1,822,000 after acquiring an additional 2,333 shares during the last quarter. Sei Investments Co. boosted its holdings in Invitation Homes by 11.8% during the 4th quarter. Sei Investments Co. now owns 4,496,358 shares of the company’s stock worth $153,371,000 after acquiring an additional 473,252 shares during the last quarter. Finally, Gray Foundation purchased a new position in Invitation Homes during the 4th quarter worth $11,622,000. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INVH. Scotiabank lifted their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Raymond James boosted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Evercore ISI reissued an “in-line” rating and issued a $36.00 price target on shares of Invitation Homes in a report on Monday, March 18th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Finally, Citigroup reissued a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and an average target price of $38.12.

View Our Latest Research Report on INVH

Insider Buying and Selling

In related news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now directly owns 28,068 shares in the company, valued at $970,591.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now directly owns 28,068 shares in the company, valued at $970,591.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,200 shares of company stock worth $770,726. Insiders own 0.28% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH traded down $0.05 during midday trading on Wednesday, hitting $35.05. 2,608,300 shares of the company traded hands, compared to its average volume of 3,061,095. The stock has a 50-day moving average of $34.58 and a 200-day moving average of $34.13. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The firm has a market cap of $21.47 billion, a P/E ratio of 40.29, a PEG ratio of 2.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21.

Invitation Homes (NYSE:INVHGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The company had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. As a group, sell-side analysts predict that Invitation Homes Inc. will post 1.82 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

Invitation Homes Company Profile

(Free Report)

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.

See Also

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

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