Catalyst Funds Management Pty Ltd Buys 23,800 Shares of Invitation Homes Inc. (NYSE:INVH)

Catalyst Funds Management Pty Ltd lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 1,700.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,200 shares of the company’s stock after acquiring an additional 23,800 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Invitation Homes were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after acquiring an additional 298,307 shares during the last quarter. FMR LLC lifted its stake in Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after purchasing an additional 31,184 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $33.00 to $36.00 in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Finally, Barclays restated an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.65.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.46 on Friday. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50-day moving average is $31.83 and its 200 day moving average is $33.34. The stock has a market capitalization of $20.50 billion, a P/E ratio of 47.13, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last announced 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 analysts’ expectations of $658.71 million. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%. Invitation Homes’s dividend payout ratio (DPR) is presently 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.