Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 89,146 Shares of Invitation Homes Inc. (NYSE:INVH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Invitation Homes Inc. (NYSE:INVH) by 38.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 320,222 shares of the company’s stock after buying an additional 89,146 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invitation Homes were worth $10,237,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of INVH. Lindbrook Capital LLC boosted its holdings in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares during the period. Allworth Financial LP lifted its stake in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in Invitation Homes in the 4th quarter worth $48,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Invitation Homes stock opened at $33.89 on Friday. 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 1-year low of $30.13 and a 1-year high of $37.80. The firm has a market capitalization of $20.76 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company’s 50-day moving average is $32.18 and its 200 day moving average is $33.23.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share 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. Research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

Analyst Upgrades and Downgrades

Several brokerages have commented on INVH. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Barclays reiterated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.65.

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.