Westwood Holdings Group Inc. Takes Position in Invitation Homes Inc. (NYSE:INVH)

Westwood Holdings Group Inc. purchased a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the second quarter, according to its most recent filing with the SEC. The firm purchased 15,000 shares of the company’s stock, valued at approximately $538,000.

Several other institutional investors have also modified their holdings of INVH. Oregon Public Employees Retirement Fund increased its holdings in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares in the last quarter. Harbour Capital Advisors LLC raised 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 valued at $495,000 after buying an additional 315 shares during the last quarter. Appleton Partners Inc. MA lifted its stake in shares of Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after buying an additional 365 shares during the period. Wellington Management Group LLP boosted its position in Invitation Homes by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after acquiring an additional 386 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Invitation Homes by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock worth $237,000 after purchasing an additional 409 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH opened at $36.04 on Monday. The stock has a market capitalization of $22.08 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The business’s fifty day moving average price is $35.82 and its 200 day moving average price is $35.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $37.80.

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 analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

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

Analyst Upgrades and Downgrades

INVH has been the topic of several recent analyst reports. UBS Group increased their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank dropped their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Finally, Mizuho dropped their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.10.

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.