Invitation Homes Inc. (NYSE:INVH) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its holdings in Invitation Homes Inc. (NYSE:INVH) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 64,641 shares of the company’s stock after buying an additional 369 shares during the period. Inspire Investing LLC’s holdings in Invitation Homes were worth $2,279,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of INVH. Creekmur Asset Management LLC acquired a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $46,000. Wellington Management Group LLP boosted its position in Invitation Homes by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after acquiring an additional 386 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Invitation Homes during the fourth quarter worth approximately $3,482,000. Kapitalo Investimentos Ltda acquired a new stake in Invitation Homes during the fourth quarter worth approximately $432,000. Finally, Appleton Partners Inc. MA boosted its position in Invitation Homes by 10.6% during the first quarter. Appleton Partners Inc. MA now owns 39,503 shares of the company’s stock worth $1,407,000 after acquiring an additional 3,770 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. UBS Group increased their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Evercore ISI increased their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada downgraded shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $37.00 to $36.00 in a research note on Monday, September 9th. Finally, Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Invitation Homes Price Performance

Shares of INVH stock opened at $33.75 on Friday. The firm has a market cap of $20.67 billion, a P/E ratio of 38.79, a P/E/G ratio of 4.71 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $37.80. The firm has a fifty day moving average of $35.58 and a two-hundred day moving average of $35.20.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. As a group, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.32%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Invitation Homes Company 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.