Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,747,096 shares of the company’s stock after acquiring an additional 704,351 shares during the period. Russell Investments Group Ltd.’s holdings in Invitation Homes were worth $162,238,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Invitation Homes by 1.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock valued at $146,569,000 after purchasing an additional 40,558 shares during the period. M&T Bank Corp boosted its stake in shares of Invitation Homes by 1.0% in the third quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock valued at $2,330,000 after purchasing an additional 756 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Invitation Homes by 5.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,974 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Invitation Homes in the third quarter valued at approximately $3,481,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Invitation Homes by 23.9% in the third quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock valued at $2,620,000 after purchasing an additional 15,935 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of INVH traded up $0.24 during trading hours on Friday, reaching $34.72. 3,782,636 shares of the company traded hands, compared to its average volume of 2,340,332. The stock has a fifty day simple moving average of $34.38 and a 200 day simple moving average of $33.44. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The stock has a market capitalization of $21.27 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. As a group, research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.23%. Invitation Homes’s dividend payout ratio is presently 133.33%.

Insider Transactions at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on INVH shares. BNP Paribas started coverage on shares of Invitation Homes in a research note on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Jefferies Financial Group upgraded Invitation Homes from a “hold” rating to a “buy” rating and raised their price target for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Finally, Mizuho increased their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

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.