Pensionfund DSM Netherlands Boosts Stake in Invitation Homes Inc. (NYSE:INVH)

Pensionfund DSM Netherlands boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,810 shares of the company’s stock after acquiring an additional 11,000 shares during the quarter. Invitation Homes comprises about 1.9% of Pensionfund DSM Netherlands’ investment portfolio, making the stock its 14th biggest position. Pensionfund DSM Netherlands’ holdings in Invitation Homes were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of INVH. Appleton Partners Inc. MA boosted its holdings in shares of Invitation Homes by 10.6% in the first quarter. Appleton Partners Inc. MA now owns 39,503 shares of the company’s stock valued at $1,407,000 after purchasing an additional 3,770 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $432,000. Nomura Holdings Inc. purchased a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $3,482,000. Wellington Management Group LLP boosted its holdings in shares of Invitation Homes by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock valued at $1,444,000 after purchasing an additional 386 shares during the period. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $46,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.6 %

Shares of Invitation Homes stock traded up $0.22 during trading hours on Tuesday, hitting $35.73. The company’s stock had a trading volume of 3,164,531 shares, compared to its average volume of 3,075,935. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The business has a fifty day moving average of $34.61 and a 200 day moving average of $34.18. The company has a market capitalization of $21.88 billion, a PE ratio of 41.05, a P/E/G ratio of 2.17 and a beta of 0.99. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.82 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.14%. Invitation Homes’s payout ratio is currently 128.74%.

Insider Buying and Selling

In related news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes 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 sale, the director now directly owns 28,068 shares in the company, valued at $970,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the sale, the chief operating officer now 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.

Wall Street Analyst Weigh In

INVH has been the topic of several research reports. Citigroup reissued a “neutral” rating and issued a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, March 7th. Mizuho decreased 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. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $38.00 price target on shares of Invitation Homes in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Invitation Homes 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.