Charles Schwab Investment Management Inc. Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Charles Schwab Investment Management Inc. boosted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,067,188 shares of the company’s stock after buying an additional 144,897 shares during the period. Charles Schwab Investment Management Inc. owned 0.99% of Invitation Homes worth $206,952,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Invitation Homes during the 4th quarter worth approximately $79,000. NBC Securities Inc. acquired a new position in Invitation Homes in the third quarter valued at approximately $86,000. Sentry Investment Management LLC acquired a new position in Invitation Homes in the third quarter valued at approximately $106,000. Finally, Ninepoint Partners LP acquired a new position in Invitation Homes in the fourth quarter valued at approximately $109,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 0.8 %

Shares of NYSE INVH opened at $34.70 on Thursday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The company has a market cap of $21.25 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53. The stock has a 50-day moving average price of $34.60 and a two-hundred day moving average price of $33.57.

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

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s dividend payout ratio is presently 128.74%.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The stock was 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 owns 37,037 shares in the company, valued at approximately $1,287,035.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Raymond James raised their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Invitation Homes in a research note on Tuesday, January 30th. They set a “hold” rating and a $35.00 price objective for the company. Finally, Citigroup reaffirmed a “neutral” rating and issued a $39.00 target price on shares of Invitation Homes in a research note on Friday, March 22nd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.19.

About Invitation Homes

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.