Wellington Management Group LLP Has $1.44 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Wellington Management Group LLP boosted its stake in Invitation Homes Inc. (NYSE:INVHFree Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,341 shares of the company’s stock after purchasing an additional 386 shares during the period. Wellington Management Group LLP’s holdings in Invitation Homes were worth $1,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new position in shares of Invitation Homes in the fourth quarter worth approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Invitation Homes by 96.5% in 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 period. GAMMA Investing LLC acquired a new stake in shares of Invitation Homes during the fourth quarter worth $79,000. Ninepoint Partners LP bought a new position in Invitation Homes during the fourth quarter worth $109,000. Finally, Quest Partners LLC acquired a new position in Invitation Homes in the fourth quarter valued at $191,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on INVH shares. Scotiabank increased their price target on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Mizuho cut their price target on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. Evercore ISI reiterated an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Finally, Raymond James lifted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Read Our Latest Report on INVH

Insider Activity

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of Invitation Homes 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 owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH stock opened at $35.78 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a 50-day moving average of $34.94 and a 200-day moving average of $34.32. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The company has a market cap of $21.92 billion, a P/E ratio of 41.13, a P/E/G ratio of 2.19 and a beta of 0.99.

Invitation Homes (NYSE:INVHGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The firm had revenue of $646.04 million during the quarter, compared to analysts’ expectations of $630.97 million. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be paid a $0.28 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.13%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Invitation Homes Company Profile

(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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