Headlands Technologies LLC Makes New $214,000 Investment in Invitation Homes Inc. (NYSE:INVH)

Headlands Technologies LLC acquired a new stake in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,689 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also made changes to their positions in INVH. Norges Bank purchased a new stake in Invitation Homes in the 4th quarter worth $1,646,794,000. State Street Corp raised its position in shares of Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. Geode Capital Management LLC increased its stake in Invitation Homes by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock worth $480,276,000 after buying an additional 365,954 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 74.1% during the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after acquiring an additional 31,184 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INVH. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.47.

Invitation Homes Price Performance

INVH stock opened at $32.49 on Friday. The business’s fifty day moving average price is $32.84 and its 200 day moving average price is $33.06. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. 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 company has a market capitalization of $19.91 billion, a PE ratio of 45.76, a P/E/G ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $658.71 million. On average, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current 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 $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. Invitation Homes’s dividend payout ratio (DPR) is 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.