Neuberger Berman Group LLC Has $64.42 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Neuberger Berman Group LLC lifted its position in shares of Invitation Homes Inc. (NYSE:INVHGet Rating) by 2.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,603,350 shares of the company’s stock after purchasing an additional 35,435 shares during the quarter. Neuberger Berman Group LLC’s holdings in Invitation Homes were worth $64,423,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of INVH. Loomis Sayles & Co. L P purchased a new position in shares of Invitation Homes in the fourth quarter worth about $27,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Invitation Homes by 526.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock worth $27,000 after acquiring an additional 558 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Invitation Homes in the 1st quarter worth approximately $30,000. Anson Funds Management LP purchased a new position in shares of Invitation Homes in the first quarter worth $42,000. Finally, WASHINGTON TRUST Co purchased a new position in shares of Invitation Homes in the first quarter worth $60,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Down 0.9 %

NYSE:INVH opened at $36.86 on Monday. The business’s 50-day simple moving average is $37.60 and its 200 day simple moving average is $38.13. Invitation Homes Inc. has a one year low of $33.15 and a one year high of $45.80. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 64.67, a price-to-earnings-growth ratio of 3.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10.

Invitation Homes (NYSE:INVHGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Invitation Homes had a return on equity of 3.66% and a net margin of 16.37%. The business had revenue of $557.30 million during the quarter, compared to the consensus estimate of $548.52 million. As a group, sell-side analysts predict that Invitation Homes Inc. will post 1.65 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Monday, August 8th. Invitation Homes’s payout ratio is 154.39%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Evercore ISI set a $42.00 target price on shares of Invitation Homes in a report on Monday, June 20th. Jefferies Financial Group lowered their target price on Invitation Homes from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Mizuho lowered their price target on Invitation Homes from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Morgan Stanley raised their price target on Invitation Homes from $40.50 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, August 25th. Finally, Oppenheimer initiated coverage on Invitation Homes in a research note on Monday, July 18th. They issued a “market perform” rating and a $39.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Invitation Homes Company Profile

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Invitation Homes is the nation's premier single-family home leasing 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.

Further Reading

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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