Invitation Homes Inc. (NYSE:INVH) Position Increased by Bamco Inc. NY

Bamco Inc. NY raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,188,224 shares of the company’s stock after buying an additional 82,863 shares during the period. Bamco Inc. NY’s holdings in Invitation Homes were worth $42,313,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in INVH. Cohen & Steers Inc. boosted its stake in Invitation Homes by 1.3% in the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after purchasing an additional 1,008,392 shares during the period. Norges Bank acquired a new position in Invitation Homes in the 4th quarter worth approximately $1,346,883,000. Principal Financial Group Inc. boosted its stake in Invitation Homes by 0.7% in the 4th quarter. Principal Financial Group Inc. now owns 20,923,484 shares of the company’s stock worth $713,700,000 after purchasing an additional 147,050 shares during the period. Canada Pension Plan Investment Board boosted its stake in Invitation Homes by 27.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after purchasing an additional 3,351,424 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in Invitation Homes by 4.7% in the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after purchasing an additional 384,564 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $38.00 target price on shares of Invitation Homes in a research report on Monday, June 17th. Evercore ISI upgraded shares of Invitation Homes from an “in-line” rating to an “outperform” rating and set a $37.00 target price for the company in a research report on Friday. Royal Bank of Canada cut their price target on shares of Invitation Homes from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, Barclays cut their price target on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.44.

Invitation Homes Stock Performance

INVH traded up $0.87 during trading on Friday, hitting $34.07. The stock had a trading volume of 7,097,638 shares, compared to its average volume of 3,737,952. The company has a current ratio of 0.20, a quick ratio of 0.21 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.87 billion, a PE ratio of 39.16, a P/E/G ratio of 2.10 and a beta of 0.99. The company has a 50 day simple moving average of $35.30 and a 200-day simple moving average of $34.51. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.92.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The company had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Thursday, June 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.29%. Invitation Homes’s dividend payout ratio (DPR) is currently 128.74%.

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.