Nisa Investment Advisors LLC Expands Position in Invitation Homes Inc. (NYSE:INVH)

Financial Advisors


Nisa Investment Advisors LLC increased its stake in Invitation Homes Inc. (NYSE:INVH – Get Rating) by 137.0% in the fourth quarter, the company said in its latest 13F filing with the Securities and Exchange Commission. . The institutional investor owned his 532,612 shares of the company’s stock after acquiring a further 307,851 shares during the period. Nisa Investment Advisors LLC owned his 0.09% of Invitation Homes worth $15,787,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares in the business. Profund Advisors LLC increased his Invitation Homes holdings by 2.9% in the fourth quarter. Profund Advisors LLC now owns 11,705 of his shares worth $347,000 after purchasing an additional 332 of his shares last quarter. Baird Financial Group Inc. increased his Invitation Homes holdings by 2.5% in the third quarter. Baird Financial Group now owns 14,330 shares of the company worth $484,000 after purchasing an additional 345 shares during the previous quarter. Exchange Traded Concepts LLC increased his Invitation Homes holdings by 3.9% in the third quarter. Exchange Traded Concepts LLC now owns 9,932 shares worth $335,000 after purchasing an additional 370 shares last quarter. Louisiana State Employees Retirement System increased its Invitation Homes holdings by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 37,500 shares worth $1,112,000 after purchasing an additional 400 shares during the previous quarter. Finally, Farmers & Merchants Investments Inc. increased its Invitation Homes holding by 16.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 2,872 shares worth $97,000 after purchasing an additional 411 shares during the previous quarter. Hedge funds and other institutional investors own 98.43% of the company’s shares.

Invitation Home Trading Down 0.3 %

NYSE:INVH shares opened Friday at $33.19. Invitation Homes Inc. has a 52-week low of $28.52 and a 52-week high of $44.36. The company has a 50-day moving average of $31.45 and a 200-day moving average of $31.55. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt to equity ratio of 0.53. The company has a market capitalization of $20.31 billion, a PE ratio of 53.53, a P/E/G ratio of 2.89 and a beta of 0.90.

Invitation Homes (NYSE:INVH – Get Rating) last announced quarterly earnings data on Wednesday, February 15. The company reported his EPS of $0.16 for the quarter, well below analyst consensus expectations of $0.41 ($0.25). Invitation Homes had a net profit margin of 17.10% and a return on equity of 3.89%. The company posted revenue of $579.84 million for the quarter, compared with analysts’ forecast of $566.68 million. Equity analysts expect his earnings per share to be 1.73 for Invitation Homes Inc. this fiscal year.

Invitation Homes Increases Dividend

The company recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14 were awarded a dividend of $0.26. This represents his $1.04 dividend and his 3.13% dividend yield on an annual basis. This is up from Invitation Homes’ previous quarterly dividend of $0.22. The ex-dividend date was Monday, February 13. Invitation Homes has a dividend payout ratio (DPR) of 167.74%.

Analyst Rating Change

Several equity analysts have recently commented on the INVH stock. Wells Fargo & Company began coverage of his Invitation Homes stake in a report on Tuesday, March 28. They issued an “overweight” rating and a price target of $33.50. Scotiabank began covering shares of Invitation Homes in a report on Tuesday, January 17th. They issued a “sector perform” rating and a stock price target of $30.00. Credit Suisse Group has downgraded Invitation Homes’ stock from ‘Outperform’ to ‘Neutral’ and has set a price target of $31.00. In a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes shares from a ‘buy’ rating to a ‘hold’ rating and lowered its price target to $34.00 from $44.00 in a report on Wednesday, January 4. Finally, in his Wednesday, March 22 report, Mizuho downgraded Invitation Homes’ stock from a ‘buy’ rating to a ‘neutral’ rating and lowered its price target to $32.00 from $33.00. Nine investment analysts rated the stock as a hold and eight rated it as a buy. According to MarketBeat.com data, the company’s current average valuation is “pending” with an average target price of $34.72.

About Invitation Homes

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Invitation Homes, Inc is engaged in the acquisition, renovation, leasing and operation of single-family homes as rental properties, including planned unit development single-family homes. Its services include property management, housing selection, maintenance programs, and online payments. The company was founded in his 2012 by Marcus Ridgeway, Dallas Tanner, and Brad Greiwe and is headquartered in Dallas, Texas.

References

Want to know other hedge funds holding INVH? Visit HoldingsChannel.com to get the latest Invitation Homes Inc. (NYSE:INVH – Get Rating) 13F filings and insider trading.

Quarterly Institutional Ownership of Invitation Homes (NYSE:INVH)

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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