Metis Global Partners LLC Boosts Holdings in Invitation Homes Inc. (NYSE:INVH)

Metis Global Partners LLC increased its stake in Invitation Homes Inc. (NYSE:INVH) by 3.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 57,013 shares of the company’s stock after acquiring an additional 1,745 shares during the period. Metis Global Partners LLC’s holdings in Invitation Homes were worth $1,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alps Advisors Inc. grew its position in shares of Invitation Homes by 2.2% in the 3rd quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock worth $555,000 after buying an additional 372 shares during the period. Park Avenue Securities LLC grew its holdings in Invitation Homes by 2.4% in the third quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock worth $563,000 after purchasing an additional 421 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Invitation Homes by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after purchasing an additional 473 shares in the last quarter. Wealth Alliance lifted its holdings in shares of Invitation Homes by 9.0% during the fourth quarter. Wealth Alliance now owns 7,394 shares of the company’s stock valued at $252,000 after purchasing an additional 610 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in shares of Invitation Homes by 7.5% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 8,725 shares of the company’s stock worth $276,000 after purchasing an additional 611 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INVH shares. Mizuho raised their price objective on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price target for the company. BNP Paribas started coverage on shares of Invitation Homes in a research note on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price target on the stock. Raymond James raised their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Trading Up 0.5 %

NYSE:INVH opened at $34.98 on Wednesday. The company has a 50 day simple moving average of $34.58 and a two-hundred day simple moving average of $33.56. The company has a market cap of $21.43 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 2.03 and a beta of 0.95. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The firm had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insider Buying and Selling

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.28% of the stock is currently owned by insiders.

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.