Tower Research Capital LLC TRC Has $3 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Tower Research Capital LLC TRC raised its stake in shares of Invitation Homes Inc. (NYSE:INVHFree Report) by 122.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,818 shares of the company’s stock after purchasing an additional 48,340 shares during the period. Tower Research Capital LLC TRC’s holdings in Invitation Homes were worth $2,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INVH. Livforsakringsbolaget Skandia Omsesidigt grew its stake 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 worth $74,000 after acquiring an additional 1,061 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Invitation Homes in the fourth quarter worth $79,000. Ninepoint Partners LP acquired a new stake in shares of Invitation Homes in the fourth quarter worth $109,000. V Square Quantitative Management LLC grew its stake in shares of Invitation Homes by 1,590.8% in the third quarter. V Square Quantitative Management LLC now owns 5,884 shares of the company’s stock worth $186,000 after acquiring an additional 5,536 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Invitation Homes in the fourth quarter worth $191,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Insider Buying and Selling

In other news, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The disclosure for this sale can be found here. Insiders sold a total of 22,200 shares of company stock worth $770,726 over the last three months. 0.28% of the stock is currently owned by company insiders.

Invitation Homes Price Performance

Shares of INVH stock opened at $35.01 on Friday. The stock has a 50-day moving average price of $34.56 and a 200 day moving average price of $34.10. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.14 and a beta of 0.99. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53.

Invitation Homes (NYSE:INVHGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The firm had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. Research analysts expect that Invitation Homes Inc. will post 1.82 EPS for the current year.

Invitation Homes Announces Dividend

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

Analysts Set New Price Targets

INVH has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Invitation Homes in a research note on Thursday, February 15th. Barclays reduced their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, March 7th. Scotiabank raised their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average target price of $38.12.

Read Our Latest Research Report on Invitation Homes

About Invitation Homes

(Free Report)

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.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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