Aster Capital Management DIFC Ltd Acquires New Holdings in Invitation Homes Inc. (NYSE:INVH)

Aster Capital Management DIFC Ltd bought a new position in Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,676 shares of the company’s stock, valued at approximately $1,109,000.

Several other large investors also recently made changes to their positions in INVH. Ilmarinen Mutual Pension Insurance Co grew its holdings in Invitation Homes by 124.4% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 101,000 shares of the company’s stock worth $3,229,000 after buying an additional 56,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invitation Homes by 4.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 574,803 shares of the company’s stock worth $18,376,000 after acquiring an additional 23,515 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Invitation Homes in the fourth quarter worth $205,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Invitation Homes during the fourth quarter valued at $10,212,000. Finally, Centersquare Investment Management LLC raised its stake in shares of Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Stock Performance

Shares of INVH opened at $32.49 on Friday. The company has a 50-day moving average of $32.84 and a two-hundred day moving average of $33.06. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 4.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 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 firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. On average, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Invitation Homes 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.