Ilmarinen Mutual Pension Insurance Co Has $3.23 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Ilmarinen Mutual Pension Insurance Co raised its stake in Invitation Homes Inc. (NYSE:INVH) by 124.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,000 shares of the company’s stock after purchasing an additional 56,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Invitation Homes were worth $3,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Invitation Homes in the 4th quarter valued at $1,646,794,000. State Street Corp grew its stake in shares of Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after acquiring an additional 298,307 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock valued at $480,276,000 after purchasing an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC lifted its position in shares of Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on INVH shares. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Barclays reiterated an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Down 4.4 %

Shares of NYSE INVH opened at $32.49 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.91 billion, a P/E ratio of 45.76, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The business has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $33.06.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $658.71 million. Research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio is 158.90%.

Invitation Homes 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.