Ninepoint Partners LP Buys Shares of 3,184 Invitation Homes Inc. (NYSE:INVH)

Ninepoint Partners LP purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, Holdings Channel reports. The fund purchased 3,184 shares of the company’s stock, valued at approximately $109,000.

Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Invitation Homes by 16.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,600 shares of the company’s stock valued at $1,189,000 after purchasing an additional 4,111 shares during the period. Cetera Advisor Networks LLC acquired a new position in Invitation Homes during the 1st quarter valued at about $373,000. MetLife Investment Management LLC bought a new stake in shares of Invitation Homes during the 1st quarter worth about $480,000. Yousif Capital Management LLC lifted its stake in shares of Invitation Homes by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 36,134 shares of the company’s stock worth $1,452,000 after acquiring an additional 1,783 shares during the period. Finally, Raymond James Trust N.A. bought a new position in shares of Invitation Homes in the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Mizuho boosted their price objective on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. KeyCorp upped their price target on shares of Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, January 5th. BNP Paribas initiated coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They set an “outperform” rating and a $39.00 price objective for the company. Morgan Stanley cut their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, December 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Invitation Homes in a research report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.19.

Invitation Homes Trading Up 0.6 %

Invitation Homes stock traded up $0.21 during midday trading on Friday, hitting $33.61. 929,666 shares of the stock were exchanged, compared to its average volume of 3,121,891. The stock has a market capitalization of $20.59 billion, a PE ratio of 39.77, a P/E/G ratio of 1.96 and a beta of 0.94. The company has a fifty day simple moving average of $34.21 and a two-hundred day simple moving average of $33.33. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53.

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

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, March 28th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, March 27th. Invitation Homes’s dividend payout ratio is presently 133.33%.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

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.