GAMMA Investing LLC Has $103,000 Stake in Invitation Homes Inc. (NYSE:INVH)

GAMMA Investing LLC boosted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 20.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,894 shares of the company’s stock after acquiring an additional 494 shares during the quarter. GAMMA Investing LLC’s holdings in Invitation Homes were worth $103,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Pensionfund DSM Netherlands lifted its position in shares of Invitation Homes by 12.5% in the first quarter. Pensionfund DSM Netherlands now owns 98,810 shares of the company’s stock valued at $3,519,000 after buying an additional 11,000 shares during the last quarter. Appleton Partners Inc. MA lifted its holdings in Invitation Homes by 10.6% during the 1st quarter. Appleton Partners Inc. MA now owns 39,503 shares of the company’s stock valued at $1,407,000 after purchasing an additional 3,770 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Invitation Homes during the fourth quarter worth $432,000. Nomura Holdings Inc. acquired a new position in shares of Invitation Homes in the fourth quarter valued at $3,482,000. Finally, Wellington Management Group LLP increased its holdings 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 last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of several research analyst reports. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, March 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $38.00 target price on shares of Invitation Homes in a research note on Monday, June 17th. Barclays reduced their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, JPMorgan Chase & Co. upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Invitation Homes Price Performance

Invitation Homes stock opened at $35.42 on Friday. 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 Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The stock has a market capitalization of $21.70 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The stock has a fifty day moving average of $34.68 and a 200-day moving average of $34.23.

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

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders 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 yield of 3.16%. Invitation Homes’s dividend payout ratio is currently 128.74%.

Insiders Place Their Bets

In related news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the company’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 value of $174,250.00. Following the completion of the transaction, 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 SEC, which is available at this hyperlink. Also, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction 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 transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

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.