Texas Permanent School Fund grew its holdings 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 and Exchange Commission. The firm owned 82,526 shares of the company’s stock after acquiring an additional 482 shares during the period. Texas Permanent School Fund’s holdings in Invitation Homes were worth $2,446,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of INVH. Cambridge Investment Research Advisors Inc. grew its holdings in Invitation Homes by 16.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,600 shares of the company’s stock worth $1,189,000 after acquiring an additional 4,111 shares during the period. Cetera Advisor Networks LLC bought a new position in shares of Invitation Homes during the 1st quarter worth about $373,000. MetLife Investment Management LLC bought a new position in shares of Invitation Homes during the 1st quarter worth about $480,000. Yousif Capital Management LLC boosted its position in shares of Invitation Homes by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 36,134 shares of the company’s stock worth $1,452,000 after purchasing an additional 1,783 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Invitation Homes during the 1st quarter worth about $225,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Mizuho cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $33.00 to $32.00 in a research report on Wednesday, March 22nd. Barclays cut their price objective on shares of Invitation Homes from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 15th. Wells Fargo & Company initiated coverage on shares of Invitation Homes in a research report on Tuesday, March 28th. They set an “overweight” rating and a $33.50 price objective on the stock. Finally, Scotiabank initiated coverage on shares of Invitation Homes in a research report on Tuesday, January 17th. They issued a “sector perform” rating and a $30.00 price target on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and a consensus target price of $34.72.
Invitation Homes Price Performance
Invitation Homes (NYSE:INVH – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.25). Invitation Homes had a return on equity of 3.98% and a net margin of 17.88%. The company had revenue of $579.84 million for the quarter, compared to analysts’ expectations of $566.68 million. On average, equities analysts predict that Invitation Homes Inc. will post 1.73 earnings per share for the current year.
Invitation Homes Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Wednesday, May 10th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $1.04 dividend on an annualized basis and a yield of 3.05%. Invitation Homes’s dividend payout ratio is 155.22%.
Invitation Homes Company Profile
Invitation Homes, Inc engages in the acquisition, renovation, leasing, and operation of single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.
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