KLP Kapitalforvaltning AS Makes New Investment in Invitation Homes Inc. (NYSE:INVH)

KLP Kapitalforvaltning AS purchased a new stake in Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, Holdings Channel reports. The firm purchased 205,000 shares of the company’s stock, valued at approximately $6,604,000.

A number of other large investors have also made changes to their positions in INVH. Lindbrook Capital LLC grew its stake in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP increased its stake in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes in the fourth quarter valued at approximately $48,000. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. Barclays reaffirmed an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Stock Performance

NYSE:INVH opened at $34.09 on Wednesday. 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 stock has a 50 day simple moving average of $32.25 and a 200 day simple moving average of $33.15. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The stock has a market cap of $20.89 billion, a P/E ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last announced 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. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. Invitation Homes’s payout ratio is 158.90%.

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.