Russell Investments Group Ltd. Acquires 704,351 Shares of Invitation Homes Inc. (NYSE:INVH)

Russell Investments Group Ltd. raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,747,096 shares of the company’s stock after buying an additional 704,351 shares during the period. Russell Investments Group Ltd. owned about 0.78% of Invitation Homes worth $162,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Stevens Capital Management LP bought a new position in shares of Invitation Homes in the fourth quarter valued at $1,215,000. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Invitation Homes by 10.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,484 shares of the company’s stock valued at $630,000 after purchasing an additional 1,767 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Invitation Homes during the fourth quarter valued at about $79,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Invitation Homes during the fourth quarter valued at about $311,000. Finally, Cetera Trust Company N.A bought a new position in shares of Invitation Homes during the fourth quarter valued at about $236,000. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

INVH has been the topic of a number of recent analyst reports. Raymond James raised their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Invitation Homes in a report on Thursday, February 15th. Evercore ISI restated an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. Oppenheimer raised their price objective on shares of Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Insider Activity

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Invitation Homes Trading Up 0.7 %

Shares of INVH traded up $0.24 during mid-day trading on Friday, reaching $34.72. The company’s stock had a trading volume of 3,782,636 shares, compared to its average volume of 2,340,332. The stock has a market cap of $21.27 billion, a PE ratio of 41.32, a P/E/G ratio of 2.04 and a beta of 0.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The company’s fifty day moving average price is $34.38 and its two-hundred day moving average price is $33.44.

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

Invitation Homes Dividend Announcement

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