Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its position in Invitation Homes Inc. (NYSE:INVH) by 92.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,310 shares of the company’s stock after purchasing an additional 212,921 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.07% of Invitation Homes worth $15,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its holdings in Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after buying an additional 36,951 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Invitation Homes by 56.4% in the first quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after buying an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Invitation Homes by 14.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after buying an additional 131,068 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Invitation Homes in the first quarter valued at about $2,635,000. Finally, Nomura Holdings Inc. purchased a new position in Invitation Homes in the fourth quarter valued at about $3,482,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

NYSE:INVH opened at $35.00 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 40.23, a PEG ratio of 4.56 and a beta of 1.01. The firm’s fifty day simple moving average is $35.79 and its 200 day simple moving average is $35.25. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80.

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

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. Invitation Homes’s payout ratio is 128.74%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INVH. Evercore ISI increased their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $41.00 in a research note on Wednesday, July 24th. Mizuho dropped their price objective on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Finally, Scotiabank dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.