Versor Investments LP Acquires 10,000 Shares of Invitation Homes Inc. (NYSE:INVH)

Versor Investments LP boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 55.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,187 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Versor Investments LP’s holdings in Invitation Homes were worth $901,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Assetmark Inc. lifted its position in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 1,232 shares in the last quarter. Center for Financial Planning Inc. bought a new position in Invitation Homes in the 4th quarter valued at about $48,000. Brooklyn Investment Group bought a new position in Invitation Homes in the 3rd quarter valued at about $49,000. Finally, Huntington National Bank increased its stake in Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after buying an additional 699 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the subject of several analyst reports. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $33.00 in a research note 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 note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Barclays decreased their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Up 5.6 %

Invitation Homes stock opened at $33.35 on Friday. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 46.97, a P/E/G ratio of 4.70 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $31.45 and a 200 day simple moving average of $33.45.

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

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.48%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is currently 163.38%.

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.