Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in Invitation Homes Inc. (NYSE:INVH) by 1,059.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,907 shares of the company’s stock after acquiring an additional 165,307 shares during the period. Squarepoint Ops LLC’s holdings in Invitation Homes were worth $6,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in INVH. Cohen & Steers Inc. increased its stake in shares of Invitation Homes by 1.3% in the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after acquiring an additional 1,008,392 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after acquiring an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Invitation Homes by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after acquiring an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of Invitation Homes by 4.7% in the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after acquiring an additional 384,564 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after acquiring an additional 2,169,522 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. JPMorgan Chase & Co. increased their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada cut Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Finally, UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.05.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $35.00 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $37.80. The firm has a market capitalization of $21.44 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01. The stock’s 50-day simple moving average is $35.79 and its 200-day simple moving average is $35.25.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. As a group, equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is 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.