California Public Employees Retirement System boosted its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 1,825.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,142 shares of the company’s stock after purchasing an additional 182,163 shares during the quarter. California Public Employees Retirement System’s holdings in Invitation Homes were worth $4,529,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. APG Asset Management US Inc. boosted its position in Invitation Homes by 12.1% during the fourth quarter. APG Asset Management US Inc. now owns 12,216,500 shares of the company’s stock worth $287,943,000 after purchasing an additional 1,315,918 shares in the last quarter. Wells Fargo & Company MN boosted its position in Invitation Homes by 15.7% during the third quarter. Wells Fargo & Company MN now owns 4,222,836 shares of the company’s stock worth $95,647,000 after purchasing an additional 574,588 shares in the last quarter. PGGM Investments purchased a new position in Invitation Homes during the fourth quarter worth approximately $96,661,000. JPMorgan Chase & Co. boosted its position in Invitation Homes by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 3,385,864 shares of the company’s stock worth $75,945,000 after purchasing an additional 421,624 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in Invitation Homes by 157.9% during the third quarter. Citadel Advisors LLC now owns 3,138,062 shares of the company’s stock worth $71,077,000 after purchasing an additional 1,921,278 shares in the last quarter.
A number of equities analysts have issued reports on the company. B. Riley assumed coverage on Invitation Homes in a research report on Monday. They set a “buy” rating and a $26.00 price target on the stock. Mizuho restated a “buy” rating and issued a $25.00 target price on shares of Invitation Homes in a research report on Tuesday, February 27th. Zacks Investment Research downgraded Invitation Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. began coverage on Invitation Homes in a research report on Tuesday, December 12th. They issued an “overweight” rating on the stock. Finally, Citigroup began coverage on Invitation Homes in a research report on Friday, December 8th. They issued a “buy” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Invitation Homes presently has an average rating of “Buy” and a consensus price target of $25.56.
Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $329.95 million for the quarter, compared to the consensus estimate of $330.16 million. Invitation Homes had a negative return on equity of 2.91% and a negative net margin of 10.02%. The company’s revenue for the quarter was up 40.7% on a year-over-year basis. sell-side analysts expect that Invitation Homes Inc will post 1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Tuesday, February 13th were given a dividend of $0.11 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, February 12th. This represents a $0.44 dividend on an annualized basis and a yield of 1.94%. Invitation Homes’s dividend payout ratio (DPR) is presently -146.67%.
Invitation Homes Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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