35,634 Shares in Invitation Homes Inc. (NYSE:INVH) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, Holdings Channel.com reports. The fund bought 35,634 shares of the company’s stock, valued at approximately $1,215,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares during the last quarter. GAMMA Investing LLC purchased a new position in Invitation Homes during the fourth quarter worth about $79,000. NBC Securities Inc. acquired a new stake in Invitation Homes in the 3rd quarter worth about $86,000. Sentry Investment Management LLC acquired a new position in shares of Invitation Homes during the 3rd quarter valued at about $106,000. Finally, Ninepoint Partners LP acquired a new position in shares of Invitation Homes during the 4th quarter valued at about $109,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INVH. KeyCorp boosted their target price on shares of Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Oppenheimer raised their price target on shares of Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Keefe, Bruyette & Woods dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Invitation Homes in a research report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price target for the company. Finally, Citigroup reissued a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a research report on Friday, March 22nd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.19.

Invitation Homes Stock Performance

Shares of NYSE INVH traded up $0.24 during midday trading on Friday, reaching $34.72. 3,782,628 shares of the company traded hands, compared to its average volume of 3,126,162. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.03 and a beta of 0.94. The stock has a 50-day moving average price of $34.34 and a 200 day moving average price of $33.42. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last posted 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). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The company had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

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

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.