Royal London Asset Management Ltd. Has $9.55 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Royal London Asset Management Ltd. grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,649 shares of the company’s stock after buying an additional 46,855 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Invitation Homes were worth $9,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after buying an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on INVH shares. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Barclays reissued an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Stock Performance

NYSE INVH opened at $33.89 on Friday. The company’s 50 day moving average is $32.18 and its 200-day moving average is $33.20. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.76 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Sell-side analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.42%. Invitation Homes’s dividend payout ratio is currently 158.90%.

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.