DekaBank Deutsche Girozentrale Has $15.71 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

DekaBank Deutsche Girozentrale grew its position in Invitation Homes Inc. (NYSE:INVH) by 0.1% during the 1st quarter, Holdings Channel reports. The firm owned 457,230 shares of the company’s stock after purchasing an additional 516 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Invitation Homes were worth $15,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new position in Invitation Homes during the 1st quarter worth about $26,000. Creekmur Asset Management LLC bought a new stake in shares of Invitation Homes in the 4th quarter valued at about $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after acquiring an additional 1,061 shares during the last quarter. Mather Group LLC. bought a new stake in Invitation Homes during the 1st quarter worth approximately $75,000. Finally, GAMMA Investing LLC bought a new stake in Invitation Homes during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE INVH traded up $0.06 during mid-day trading on Friday, reaching $35.59. The company had a trading volume of 4,597,376 shares, compared to its average volume of 4,277,017. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.92. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 40.91, a PEG ratio of 4.44 and a beta of 0.99. The business’s 50-day simple moving average is $35.33 and its 200 day simple moving average is $34.55.

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

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.15%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INVH. JPMorgan Chase & Co. increased their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday. Mizuho reduced their price target on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Evercore ISI raised Invitation Homes from an “in-line” rating to an “outperform” rating and set a $37.00 price target for the company in a research report on Friday, July 26th. Finally, Barclays reduced their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and a consensus target price of $38.39.

Insider Activity at Invitation Homes

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

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.