KLP Kapitalforvaltning AS Takes Position in Invitation Homes Inc. (NYSE:INVH)

KLP Kapitalforvaltning AS bought a new stake in Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 205,000 shares of the company’s stock, valued at approximately $6,604,000.

Several other hedge funds have also recently added to or reduced their stakes in INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after purchasing an additional 4,883,564 shares during the period. JPMorgan Chase & Co. boosted its stake in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares in the last quarter. National Bank of Canada FI grew its position in Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after acquiring an additional 780,760 shares during the period. FMR LLC raised its stake in Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Invitation Homes by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock valued at $36,225,000 after acquiring an additional 607,163 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH stock opened at $34.09 on Wednesday. The firm has a market cap of $20.89 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $32.25 and a 200 day moving average price of $33.15.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Invitation Homes’s dividend payout ratio is presently 158.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INVH. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Hold” and a consensus target price of $37.56.

Invitation Homes 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.