Mather Group LLC. Invests $75,000 in Invitation Homes Inc. (NYSE:INVH)

Mather Group LLC. bought a new position in Invitation Homes Inc. (NYSE:INVH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,191 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. lifted its stake in shares of Invitation Homes by 2.2% in the third quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock valued at $555,000 after purchasing an additional 372 shares during the period. Wellington Management Group LLP lifted its stake in shares of Invitation Homes by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock valued at $1,444,000 after purchasing an additional 386 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Invitation Homes by 3.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,987 shares of the company’s stock valued at $375,000 after purchasing an additional 417 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Invitation Homes by 2.1% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 20,493 shares of the company’s stock valued at $699,000 after acquiring an additional 429 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Invitation Homes by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 2,894 shares of the company’s stock valued at $103,000 after acquiring an additional 494 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Invitation Homes Price Performance

Invitation Homes stock opened at $35.42 on Friday. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The firm has a 50 day moving average price of $34.68 and a 200 day moving average price of $34.23. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21.

Invitation Homes (NYSE:INVH) last released its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million during the quarter, compared to analysts’ expectations of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. Sell-side analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.16%. Invitation Homes’s dividend payout ratio (DPR) is 128.74%.

Wall Street Analysts Forecast Growth

INVH has been the subject of several recent research reports. Citigroup restated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a report on Friday, March 22nd. JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Scotiabank raised their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Raymond James raised their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Barclays dropped their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.