12,157 Shares in Invitation Homes Inc. (NYSE:INVH) Purchased by United Services Automobile Association

United Services Automobile Association acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH – Get Rating) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,157 shares of the company’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INVH. Vanguard Group Inc. grew its position in Invitation Homes by 12.7% in the 3rd quarter. Vanguard Group Inc. now owns 98,213,645 shares of the company’s stock valued at $3,316,675,000 after acquiring an additional 11,059,735 shares in the last quarter. BlackRock Inc. grew its position in Invitation Homes by 18.1% in the 3rd quarter. BlackRock Inc. now owns 58,699,529 shares of the company’s stock valued at $1,982,284,000 after acquiring an additional 9,004,231 shares in the last quarter. State Street Corp grew its position in Invitation Homes by 31.7% in the 3rd quarter. State Street Corp now owns 38,133,933 shares of the company’s stock valued at $1,287,783,000 after acquiring an additional 9,188,909 shares in the last quarter. FMR LLC grew its position in Invitation Homes by 4.4% in the 2nd quarter. FMR LLC now owns 20,757,751 shares of the company’s stock valued at $738,560,000 after acquiring an additional 881,365 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in Invitation Homes by 3.0% in the 3rd quarter. Centersquare Investment Management LLC now owns 11,828,086 shares of the company’s stock valued at $399,435,000 after acquiring an additional 341,045 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.4 %

Shares of Invitation Homes stock opened at $31.26 on Wednesday. Invitation Homes Inc. has a 1 year low of $28.52 and a 1 year high of $44.36. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $19.11 billion, a P/E ratio of 50.42, a PEG ratio of 2.59 and a beta of 0.89. The company’s fifty day moving average is $31.71 and its two-hundred day moving average is $32.50.

Invitation Homes (NYSE:INVH – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.25). Invitation Homes had a return on equity of 3.89% and a net margin of 17.10%. The business had revenue of $579.84 million for the quarter, compared to analysts’ expectations of $566.68 million. Analysts forecast that Invitation Homes Inc. will post 1.75 earnings per share for the current year.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.26 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Monday, February 13th. Invitation Homes’s dividend payout ratio (DPR) is presently 167.74%.

Analysts Set New Price Targets

INVH has been the subject of several research reports. Scotiabank initiated coverage on Invitation Homes in a research report on Tuesday, January 17th. They issued a “sector perform” rating and a $30.00 target price for the company. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $44.00 to $34.00 in a research note on Wednesday, January 4th. Wolfe Research downgraded shares of Invitation Homes from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 29th. Credit Suisse Group downgraded shares of Invitation Homes from an “outperform” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research report on Monday, January 9th. Finally, Mizuho reduced their price objective on shares of Invitation Homes from $39.00 to $36.00 in a report on Friday, December 2nd. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.75.

Invitation Homes Profile

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Invitation Homes, Inc engages in the acquisition, renovation, leasing, and operation of single-family homes as rental properties, including single-family homes in planned unit developments. Its services include property management, selection of homes, maintenance program, and online payment. The company was founded by Marcus Ridgway, Dallas Tanner, and Brad Greiwe in 2012 and is headquartered in Dallas, TX.