Carnegie Lake Advisors LLC Raises Holdings in Invitation Homes Inc. (NYSE:INVH)

Carnegie Lake Advisors LLC increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,957 shares of the company’s stock after purchasing an additional 500 shares during the period. Carnegie Lake Advisors LLC’s holdings in Invitation Homes were worth $1,118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in INVH. Global Wealth Management Investment Advisory Inc. raised its position in shares of Invitation Homes by 27.0% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 19,937 shares of the company’s stock worth $637,000 after acquiring an additional 4,238 shares in the last quarter. Empowered Funds LLC grew its stake in Invitation Homes by 11.7% in the fourth quarter. Empowered Funds LLC now owns 12,034 shares of the company’s stock valued at $385,000 after purchasing an additional 1,258 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Invitation Homes by 4.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 181,329 shares of the company’s stock worth $5,797,000 after purchasing an additional 8,485 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Invitation Homes by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,577,501 shares of the company’s stock worth $114,373,000 after purchasing an additional 23,045 shares in the last quarter. Finally, Vanderbilt University lifted its position in shares of Invitation Homes by 130.2% during the fourth quarter. Vanderbilt University now owns 154,405 shares of the company’s stock valued at $4,936,000 after buying an additional 87,326 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Royal Bank of Canada reduced their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, Barclays decreased their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Up 0.2 %

INVH opened at $31.67 on Tuesday. The company has a fifty day moving average of $31.79 and a two-hundred day moving average of $33.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 4.62 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.66%. Invitation Homes’s payout ratio is 163.38%.

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.