American Century Companies Inc. Has $39.74 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

American Century Companies Inc. lifted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 46.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,242,939 shares of the company’s stock after purchasing an additional 396,319 shares during the quarter. American Century Companies Inc.’s holdings in Invitation Homes were worth $39,737,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pathstone Holdings LLC increased its stake in Invitation Homes by 2.4% during the 3rd quarter. Pathstone Holdings LLC now owns 44,764 shares of the company’s stock valued at $1,581,000 after purchasing an additional 1,031 shares in the last quarter. Cerity Partners LLC increased its position in shares of Invitation Homes by 43.6% during the third quarter. Cerity Partners LLC now owns 22,029 shares of the company’s stock worth $777,000 after acquiring an additional 6,685 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Invitation Homes in the 3rd quarter worth about $107,000. Bank of Montreal Can lifted its position in Invitation Homes by 5.4% in the 3rd quarter. Bank of Montreal Can now owns 574,117 shares of the company’s stock valued at $20,094,000 after acquiring an additional 29,260 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Invitation Homes by 1.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 401,160 shares of the company’s stock valued at $14,145,000 after purchasing an additional 6,031 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a 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 given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.56.

Invitation Homes Trading Down 0.5 %

Shares of INVH stock opened at $34.20 on Friday. 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 $20.95 billion, a P/E ratio of 48.17, a PEG ratio of 4.70 and a beta of 1.03. The company has a 50 day moving average of $32.45 and a 200-day moving average of $33.15. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

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

Invitation Homes Announces Dividend

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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

About Invitation Homes

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.