Handelsbanken Fonder AB Has $7.66 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Handelsbanken Fonder AB boosted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 43.8% in the fourth quarter, Holdings Channel reports. The fund owned 224,655 shares of the company’s stock after acquiring an additional 68,448 shares during the period. Handelsbanken Fonder AB’s holdings in Invitation Homes were worth $7,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. Principal Financial Group Inc. increased its holdings in shares of Invitation Homes by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company’s stock worth $658,403,000 after purchasing an additional 138,213 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Invitation Homes by 9.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after purchasing an additional 1,080,000 shares during the period. Morgan Stanley increased its holdings in shares of Invitation Homes by 19.5% during the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after purchasing an additional 1,466,330 shares during the period. Northern Trust Corp increased its holdings in shares of Invitation Homes by 2.2% during the 3rd quarter. Northern Trust Corp now owns 7,066,681 shares of the company’s stock worth $223,943,000 after purchasing an additional 151,903 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Invitation Homes by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,922,291 shares of the company’s stock worth $187,677,000 after purchasing an additional 20,555 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Insider Activity at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.

Invitation Homes Trading Up 0.5 %

Shares of NYSE INVH opened at $34.31 on Thursday. The company’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $33.40. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The firm has a market capitalization of $21.01 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The business had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. On average, analysts predict that Invitation Homes Inc. will post 1.83 EPS 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.26%. Invitation Homes’s dividend payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI reissued an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. Raymond James upped their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Thursday, February 15th. Keefe, Bruyette & Woods decreased their price objective 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, KeyCorp upped their price objective 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. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes 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.