DekaBank Deutsche Girozentrale Has $16.22 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,254 shares of the company’s stock after purchasing an additional 7,024 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Invitation Homes worth $16,221,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of INVH. State Board of Administration of Florida Retirement System boosted its holdings in shares of Invitation Homes by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock worth $23,852,000 after buying an additional 36,951 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock worth $6,174,000 after buying an additional 62,547 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Invitation Homes by 14.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after buying an additional 131,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Invitation Homes during the 1st quarter worth $2,635,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Invitation Homes during the 4th quarter worth $3,482,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Up 2.0 %

Shares of Invitation Homes stock opened at $37.02 on Monday. The business has a 50-day moving average of $35.78 and a two-hundred day moving average of $35.17. The company has a market capitalization of $22.68 billion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The firm had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. As a group, equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.03%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Wall Street Analyst Weigh In

INVH has been the topic of several research analyst reports. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Royal Bank of Canada lowered shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $37.00 to $36.00 in a research report on Monday, September 9th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.85.

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.