Swiss National Bank Has $65.27 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Swiss National Bank lowered its position in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,913,616 shares of the company’s stock after selling 54,600 shares during the quarter. Swiss National Bank owned 0.31% of Invitation Homes worth $65,273,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in INVH. Robeco Institutional Asset Management B.V. boosted its position in Invitation Homes by 71,442.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 47,218 shares of the company’s stock worth $1,496,000 after acquiring an additional 47,152 shares during the period. Raymond James & Associates boosted its holdings in shares of Invitation Homes by 16.6% during the third quarter. Raymond James & Associates now owns 101,668 shares of the company’s stock worth $3,222,000 after purchasing an additional 14,465 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Invitation Homes by 166.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 130,733 shares of the company’s stock valued at $4,143,000 after purchasing an additional 81,710 shares in the last quarter. Forsta AP Fonden increased its stake in Invitation Homes by 15.3% in the 3rd quarter. Forsta AP Fonden now owns 75,300 shares of the company’s stock valued at $2,386,000 after buying an additional 10,000 shares during the period. Finally, Advisor Partners II LLC lifted its position in Invitation Homes by 71.7% in the 3rd quarter. Advisor Partners II LLC now owns 23,177 shares of the company’s stock worth $734,000 after buying an additional 9,680 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on INVH shares. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Invitation Homes in a report on Thursday, February 15th. Citigroup reaffirmed a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research note on Friday, March 22nd. Mizuho boosted their price target on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, March 7th. Finally, BNP Paribas assumed coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price for the company. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.19.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.28% of the company’s stock.

Invitation Homes Stock Down 0.3 %

INVH opened at $34.39 on Monday. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The business has a 50 day moving average of $34.52 and a 200-day moving average of $33.51. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 2.03 and a beta of 0.95. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVH) last posted 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 5.29% and a net margin of 21.75%. The company had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.26%. Invitation Homes’s dividend payout ratio is 128.74%.

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.