abrdn plc Has $17.17 Million Position in Invitation Homes Inc. (NYSE:INVH)

abrdn plc raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 31.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 503,294 shares of the company’s stock after buying an additional 119,180 shares during the period. abrdn plc’s holdings in Invitation Homes were worth $17,167,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in INVH. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Invitation Homes in the 3rd quarter worth $86,000. Sentry Investment Management LLC purchased a new stake in shares of Invitation Homes in the third quarter valued at about $106,000. Ninepoint Partners LP bought a new position in shares of Invitation Homes during the fourth quarter valued at about $109,000. Finally, Signaturefd LLC boosted its holdings in Invitation Homes by 16.8% during the third quarter. Signaturefd LLC now owns 5,397 shares of the company’s stock worth $171,000 after purchasing an additional 777 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a research note on Friday, March 22nd. Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Raymond James lifted their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Invitation Homes in a research note on Tuesday, January 30th. They issued a “hold” rating and a $35.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Invitation Homes in a research note on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average target price of $38.19.

Invitation Homes Trading Up 0.5 %

NYSE:INVH opened at $34.31 on Thursday. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The stock’s fifty day moving average price is $34.27 and its two-hundred day moving average price is $33.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $21.01 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.02 and a beta of 0.94.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data 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). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The company had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. 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 disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.26%. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Insider Activity

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

Invitation Homes 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.