Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 8.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,200,715 shares of the company’s stock after acquiring an additional 94,500 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Invitation Homes were worth $40,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Invitation Homes by 1.0% in the 4th 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 last quarter. M&T Bank Corp increased 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 increased 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 bought a new stake in shares of Invitation Homes during the third quarter valued at approximately $3,481,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Invitation Homes by 23.9% during the third quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock worth $2,620,000 after buying an additional 15,935 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

INVH stock traded down $0.17 during midday trading on Tuesday, reaching $34.41. The company had a trading volume of 933,569 shares, compared to its average volume of 3,092,671. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $21.08 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. The stock has a 50 day moving average price of $34.42 and a 200-day moving average price of $33.46. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53.

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

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.25%. Invitation Homes’s dividend payout ratio is currently 133.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho raised their price objective on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Oppenheimer raised their price target 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. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, March 7th. KeyCorp boosted their target price on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Finally, Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $41.00 in a report on Tuesday, January 2nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.19.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction 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 approximately $1,287,035.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.