UniSuper Management Pty Ltd Purchases 16,216 Shares of Invitation Homes Inc. (NYSE:INVH)

UniSuper Management Pty Ltd boosted its position in Invitation Homes Inc. (NYSE:INVH) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,532 shares of the company’s stock after purchasing an additional 16,216 shares during the period. UniSuper Management Pty Ltd’s holdings in Invitation Homes were worth $7,786,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares during the period. FMR LLC grew its holdings in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after acquiring an additional 4,661,213 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Invitation Homes by 0.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after purchasing an additional 44,945 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on INVH shares. Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. Barclays reissued an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.56.

Invitation Homes Price Performance

INVH stock opened at $34.20 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50-day moving average is $32.45 and its 200-day moving average is $33.15. The stock has a market capitalization of $20.95 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

About Invitation Homes

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.