PGGM Investments Buys 5,112 Shares of Invitation Homes Inc. (NYSE:INVH)

PGGM Investments grew its stake in Invitation Homes Inc. (NYSE:INVH) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 4,733,236 shares of the company’s stock after purchasing an additional 5,112 shares during the quarter. Invitation Homes makes up approximately 2.5% of PGGM Investments’ investment portfolio, making the stock its 8th largest position. PGGM Investments’ holdings in Invitation Homes were worth $161,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Invitation Homes by 1.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock worth $146,569,000 after buying an additional 40,558 shares in the last quarter. M&T Bank Corp lifted 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 worth $2,330,000 after buying an additional 756 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted 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 worth $1,233,000 after buying an additional 1,974 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Invitation Homes in the third quarter worth about $3,481,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Invitation Homes by 23.9% in 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 in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.7 %

Shares of INVH traded up $0.24 during trading on Friday, reaching $34.72. 3,782,636 shares of the company traded hands, compared to its average volume of 2,340,332. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53. The stock has a market cap of $21.27 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The stock has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $33.44. 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 (NYSE:INVH) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INVH shares. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Invitation Homes in a research note on Thursday, February 15th. KeyCorp lifted their target price on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, January 5th. Mizuho lifted their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 27th. Finally, Raymond James lifted their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and an average target price of $38.19.

Insider Activity at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.