Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its holdings in Invitation Homes Inc. (NYSE:INVHGet Rating) by 11.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,741,421 shares of the company’s stock after purchasing an additional 899,703 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.46% of Invitation Homes worth $396,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. increased its stake in Invitation Homes by 249.1% during the third quarter. Cohen & Steers Inc. now owns 34,664,520 shares of the company’s stock worth $1,328,813,000 after acquiring an additional 24,734,553 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Invitation Homes by 68.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 5,779,945 shares of the company’s stock worth $262,063,000 after acquiring an additional 2,354,147 shares during the last quarter. State Street Corp increased its stake in Invitation Homes by 9.5% during the fourth quarter. State Street Corp now owns 25,760,607 shares of the company’s stock worth $1,167,986,000 after acquiring an additional 2,243,639 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Invitation Homes during the fourth quarter worth about $86,792,000. Finally, Invesco Ltd. increased its stake in Invitation Homes by 11.7% during the third quarter. Invesco Ltd. now owns 13,797,197 shares of the company’s stock worth $528,848,000 after acquiring an additional 1,442,744 shares during the last quarter.

INVH traded up $1.05 on Friday, reaching $36.92. The company’s stock had a trading volume of 2,692,178 shares, compared to its average volume of 3,780,307. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 73.84, a price-to-earnings-growth ratio of 2.31 and a beta of 0.88. Invitation Homes Inc. has a 1 year low of $34.45 and a 1 year high of $45.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The business’s 50 day moving average is $40.19 and its 200 day moving average is $41.15.

Invitation Homes (NYSE:INVHGet Rating) last released its earnings results on Wednesday, April 27th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.25). Invitation Homes had a return on equity of 3.29% and a net margin of 14.43%. During the same period in the prior year, the company posted $0.36 EPS. As a group, research analysts forecast that Invitation Homes Inc. will post 1.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Tuesday, May 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, May 9th. Invitation Homes’s dividend payout ratio is presently 176.00%.

Several brokerages have commented on INVH. KeyCorp began coverage on Invitation Homes in a research note on Tuesday, February 1st. They set an “overweight” rating and a $46.00 price target for the company. Jefferies Financial Group started coverage on Invitation Homes in a research note on Wednesday, April 20th. They set a “buy” rating and a $48.00 price target for the company. Zacks Investment Research lowered Invitation Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Credit Suisse Group increased their target price on Invitation Homes from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Finally, Morgan Stanley lowered their target price on Invitation Homes from $48.50 to $44.50 and set an “overweight” rating for the company in a research note on Friday, March 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Invitation Homes presently has an average rating of “Buy” and a consensus target price of $46.69.

Invitation Homes Profile (Get Rating)

Invitation Homes is the nation's premier single-family home leasing 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.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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