Cbre Investment Management Listed Real Assets LLC Has $178.94 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,597,177 shares of the company’s stock after acquiring an additional 44,945 shares during the period. Invitation Homes comprises approximately 3.2% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 5th biggest holding. Cbre Investment Management Listed Real Assets LLC’s holdings in Invitation Homes were worth $178,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Square LLC raised its stake in shares of Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after acquiring an additional 308 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after acquiring an additional 408 shares in the last quarter. Carnegie Lake Advisors LLC raised its stake in shares of Invitation Homes by 1.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company’s stock valued at $1,118,000 after acquiring an additional 500 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in shares of Invitation Homes by 5.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 11,495 shares of the company’s stock valued at $366,000 after acquiring an additional 608 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Finally, Barclays reduced their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Price Performance

Shares of INVH opened at $33.97 on Wednesday. The firm has a market capitalization of $20.81 billion, a PE ratio of 47.85, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. 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 company’s fifty day moving average price is $31.56 and its 200-day moving average price is $33.41.

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

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is 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.