Skandinaviska Enskilda Banken AB publ Acquires 1,700 Shares of Invitation Homes Inc. (NYSE:INVH)

Skandinaviska Enskilda Banken AB publ increased its stake in Invitation Homes Inc. (NYSE:INVH) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,824 shares of the company’s stock after purchasing an additional 1,700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Invitation Homes were worth $4,336,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its holdings in Invitation Homes by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock worth $23,852,000 after buying an additional 36,951 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock worth $6,174,000 after buying an additional 62,547 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Invitation Homes by 14.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after purchasing an additional 131,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Invitation Homes during the 1st quarter worth approximately $2,635,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Invitation Homes during the 4th quarter worth $3,482,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

NYSE:INVH opened at $36.04 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a 52-week low of $28.49 and a 52-week high of $37.80. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 4.50 and a beta of 1.01. The stock has a fifty day moving average of $35.82 and a 200 day moving average of $35.23.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. On average, research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s payout ratio is 128.74%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INVH shares. The Goldman Sachs Group began coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Barclays cut their price objective on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Evercore ISI lifted their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.10.

About Invitation Homes

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.