New England Research & Management Inc. Has $1.60 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

New England Research & Management Inc. lifted its holdings in Invitation Homes Inc. (NYSE:INVH) by 14.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 45,814 shares of the company’s stock after purchasing an additional 5,695 shares during the quarter. New England Research & Management Inc.’s holdings in Invitation Homes were worth $1,597,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Invitation Homes during the 4th quarter worth approximately $1,646,794,000. JPMorgan Chase & Co. boosted its position in 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 during the last quarter. Centersquare Investment Management LLC boosted its position in 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 last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Invitation Homes during the 4th quarter worth approximately $67,743,000. Finally, Northern Trust Corp boosted its position in Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock worth $218,060,000 after acquiring an additional 1,463,236 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Down 0.6%

INVH opened at $33.52 on Friday. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The stock’s fifty day simple moving average is $33.59 and its 200 day simple moving average is $32.87. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.55 billion, a PE ratio of 47.21, a price-to-earnings-growth ratio of 4.70 and a beta of 0.82.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 EPS. As a group, research analysts expect 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 Friday, July 18th. Shareholders of record on Thursday, June 26th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.46%. Invitation Homes’s payout ratio is 150.65%.

Analyst Ratings Changes

A number of equities analysts have weighed in on INVH shares. Barclays upped their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Scotiabank upped their price objective on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. The Goldman Sachs Group upped their price objective on Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Raymond James upped their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.97.

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.