TCW Group Inc. Purchases 10,531 Shares of Invitation Homes Inc. (NYSE:INVH)

TCW Group Inc. boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 12.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,800 shares of the company’s stock after buying an additional 10,531 shares during the quarter. TCW Group Inc.’s holdings in Invitation Homes were worth $3,205,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in shares of Invitation Homes by 2.2% during the third quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock worth $555,000 after purchasing an additional 372 shares during the period. Checchi Capital Advisers LLC grew its position in shares of Invitation Homes by 3.9% in the 4th quarter. Checchi Capital Advisers LLC now owns 10,987 shares of the company’s stock valued at $375,000 after buying an additional 417 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of Invitation Homes by 2.1% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 20,493 shares of the company’s stock valued at $699,000 after buying an additional 429 shares during the period. Wealth Alliance raised its position in shares of Invitation Homes by 9.0% during the fourth quarter. Wealth Alliance now owns 7,394 shares of the company’s stock worth $252,000 after acquiring an additional 610 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Invitation Homes by 7.5% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 8,725 shares of the company’s stock worth $276,000 after acquiring an additional 611 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Invitation Homes

In other news, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction on 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 transaction, 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 is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the sale, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on INVH shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price target for the company. Raymond James boosted their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Mizuho increased their price target on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Scotiabank boosted their price objective on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.24.

Invitation Homes Stock Down 0.1 %

INVH traded down $0.04 during midday trading on Friday, reaching $34.48. 1,216,239 shares of the company were exchanged, compared to its average volume of 3,157,996. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 2.11 and a beta of 0.95. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The company’s fifty day moving average price is $34.63 and its 200 day moving average price is $33.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 5.29% and a net margin of 21.75%. As a group, analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.25%. Invitation Homes’s dividend payout ratio is currently 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.