Vanderbilt University Has $4.94 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Vanderbilt University grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 130.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,405 shares of the company’s stock after buying an additional 87,326 shares during the period. Invitation Homes makes up 1.0% of Vanderbilt University’s portfolio, making the stock its 19th biggest position. Vanderbilt University’s holdings in Invitation Homes were worth $4,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invitation Homes by 6.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 79,397 shares of the company’s stock valued at $2,545,000 after buying an additional 4,747 shares in the last quarter. E. Ohman J or Asset Management AB acquired a new stake in shares of Invitation Homes during the fourth quarter worth about $585,000. Calamos Advisors LLC lifted its holdings in shares of Invitation Homes by 0.6% during the 4th quarter. Calamos Advisors LLC now owns 129,184 shares of the company’s stock valued at $4,130,000 after purchasing an additional 788 shares in the last quarter. abrdn plc grew its position in shares of Invitation Homes by 14.4% in the 4th quarter. abrdn plc now owns 368,264 shares of the company’s stock valued at $11,740,000 after purchasing an additional 46,223 shares during the period. Finally, Forsta AP Fonden increased its stake in Invitation Homes by 2.4% during the 4th quarter. Forsta AP Fonden now owns 192,700 shares of the company’s stock worth $6,161,000 after purchasing an additional 4,600 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on INVH shares. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Mizuho reduced their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Stock Performance

Shares of INVH stock opened at $31.53 on Thursday. The company has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $33.82. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The stock has a market cap of $19.31 billion, a P/E ratio of 44.40, a P/E/G ratio of 4.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

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.