Forsta AP Fonden Has $4.05 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Forsta AP Fonden trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,800 shares of the company’s stock after selling 1,600 shares during the period. Forsta AP Fonden’s holdings in Invitation Homes were worth $4,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its stake in shares of Invitation Homes by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after buying an additional 310 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of Invitation Homes by 2.3% during 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. Appleton Partners Inc. MA grew 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 worth $1,431,000 after purchasing an additional 365 shares during the period. Wellington Management Group LLP lifted its holdings 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 in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Invitation Homes by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock worth $237,000 after acquiring an additional 409 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Barclays dropped their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. 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. JPMorgan Chase & Co. upped their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, UBS Group boosted their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.85.

Invitation Homes Trading Up 2.0 %

Shares of INVH stock opened at $37.02 on Friday. The stock has a 50 day simple moving average of $35.78 and a 200 day simple moving average of $35.16. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80. The stock has a market cap of $22.68 billion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last released 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). 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 for the quarter, compared to the consensus estimate of $654.70 million. On average, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 26th. 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.