New Age Alpha Advisors LLC Makes New $7.89 Million Investment in Invitation Homes Inc. (NYSE:INVH)

New Age Alpha Advisors LLC purchased a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 246,638 shares of the company’s stock, valued at approximately $7,885,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Invitation Homes during the fourth quarter worth $1,646,794,000. NEOS Investment Management LLC lifted its stake in Invitation Homes by 30.5% during the 4th quarter. NEOS Investment Management LLC now owns 31,942 shares of the company’s stock worth $1,021,000 after acquiring an additional 7,461 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in Invitation Homes by 7.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 243,532 shares of the company’s stock valued at $7,786,000 after acquiring an additional 16,216 shares during the period. JPMorgan Chase & Co. grew its position in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after acquiring an additional 4,661,213 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Invitation Homes by 9.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325,625 shares of the company’s stock worth $42,327,000 after purchasing an additional 109,278 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on INVH. Barclays reissued an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Trading Down 0.5 %

Shares of INVH opened at $34.20 on Friday. The firm’s 50-day moving average is $32.45 and its two-hundred day moving average is $33.15. The firm has a market capitalization of $20.95 billion, a P/E ratio of 48.17, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. Invitation Homes’s dividend payout ratio (DPR) is 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.