Allspring Global Investments Holdings LLC Raises Stake in Invitation Homes Inc. (NYSE:INVH)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 31.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,227 shares of the company’s stock after acquiring an additional 16,516 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Invitation Homes were worth $2,430,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INVH. Guidance Capital Inc. bought a new stake in shares of Invitation Homes in the first quarter worth approximately $827,000. New England Research & Management Inc. boosted its position in shares of Invitation Homes by 1.7% in the first quarter. New England Research & Management Inc. now owns 36,694 shares of the company’s stock worth $1,307,000 after purchasing an additional 600 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of Invitation Homes by 2.3% in the first quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock worth $495,000 after purchasing an additional 315 shares during the period. BTC Capital Management Inc. purchased a new position in shares of Invitation Homes in the first quarter worth $2,114,000. Finally, Czech National Bank lifted its holdings in shares of Invitation Homes by 0.5% in the first quarter. Czech National Bank now owns 101,214 shares of the company’s stock worth $3,604,000 after buying an additional 465 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James boosted their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $38.00 target price on shares of Invitation Homes in a report on Monday, June 17th. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Barclays decreased their price target on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, Scotiabank upped their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the sale, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Invitation Homes Trading Up 0.8 %

NYSE INVH opened at $36.05 on Wednesday. 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 Inc. has a 12 month low of $28.49 and a 12 month high of $36.53. The company’s 50-day moving average price is $34.98 and its 200-day moving average price is $34.33. The stock has a market cap of $22.08 billion, a PE ratio of 41.44, a PEG ratio of 2.19 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (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 the consensus estimate of $630.97 million. Equities research analysts forecast 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 will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, June 27th. Invitation Homes’s payout ratio is 128.74%.

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.