Edgestream Partners L.P. Has $6.17 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Edgestream Partners L.P. lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 81.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,769 shares of the company’s stock after purchasing an additional 77,318 shares during the quarter. Edgestream Partners L.P.’s holdings in Invitation Homes were worth $6,165,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Canada Pension Plan Investment Board raised its position in shares of Invitation Homes by 27.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after buying an additional 3,351,424 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. First Financial Bankshares Inc acquired a new position in shares of Invitation Homes during the 4th quarter worth $45,104,000. Cohen & Steers Inc. lifted its position in shares of Invitation Homes by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after buying an additional 1,008,392 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Invitation Homes by 109.3% in the first quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock valued at $40,644,000 after buying an additional 595,988 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on INVH shares. UBS Group boosted their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Mizuho decreased their target price 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. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday. Finally, The Goldman Sachs Group assumed coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Invitation Homes Trading Down 0.7 %

INVH opened at $36.77 on Tuesday. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The company has a fifty day moving average of $35.79 and a 200-day moving average of $35.20. The stock has a market cap of $22.52 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 4.68% and a net margin of 18.75%. On average, sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared 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. This represents a $1.12 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 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.