Kapitalo Investimentos Ltda Purchases Shares of 12,673 Invitation Homes Inc. (NYSE:INVH)

Kapitalo Investimentos Ltda bought a new position in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,673 shares of the company’s stock, valued at approximately $432,000.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Invitation Homes by 1.0% in the 4th 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Invitation Homes by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company’s stock worth $206,952,000 after buying an additional 144,897 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Invitation Homes by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 925,717 shares of the company’s stock worth $31,539,000 after buying an additional 51,064 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Invitation Homes during the 3rd quarter valued at $3,481,000. Finally, Advisors Asset Management Inc. increased its holdings in Invitation Homes by 23.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock valued at $2,620,000 after purchasing an additional 15,935 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Shares of INVH stock opened at $35.73 on Wednesday. The stock has a market cap of $21.88 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The stock has a 50-day moving average of $34.61 and a 200-day moving average of $34.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The firm had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. As a group, sell-side analysts expect that Invitation Homes Inc. will post 1.82 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.14%. Invitation Homes’s dividend payout ratio is 128.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on INVH shares. Barclays dropped their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. JPMorgan Chase & Co. raised their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 price target on shares of Invitation Homes in a report on Monday, March 18th. Mizuho dropped their price target on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Finally, Raymond James raised their price target on Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Activity at Invitation Homes

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

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.