Bessemer Group Inc. Has $2.81 Million Position in Invitation Homes Inc. (NYSE:INVH)

Bessemer Group Inc. cut its stake in Invitation Homes Inc. (NYSE:INVH) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,744 shares of the company’s stock after selling 1,261 shares during the period. Bessemer Group Inc.’s holdings in Invitation Homes were worth $2,805,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Invitation Homes in the fourth quarter valued at about $1,646,794,000. Geode Capital Management LLC raised its position in shares of Invitation Homes by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock valued at $480,276,000 after buying an additional 365,954 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock worth $412,366,000 after acquiring an additional 3,870,432 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after acquiring an additional 4,661,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on INVH shares. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their price target 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. Finally, Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $37.38.

Invitation Homes Stock Up 1.4 %

Shares of NYSE:INVH opened at $32.10 on Monday. The firm has a market cap of $19.67 billion, a P/E ratio of 45.20, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The business has a fifty day simple moving average of $32.90 and a 200 day simple moving average of $32.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 158.90%.

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.