18,300 Shares in Invitation Homes Inc. (NYSE:INVH) Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB acquired a new position in Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,300 shares of the company’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Calamos Advisors LLC boosted its holdings in shares of Invitation Homes by 0.6% in the fourth quarter. Calamos Advisors LLC now owns 129,184 shares of the company’s stock worth $4,130,000 after buying an additional 788 shares during the last quarter. abrdn plc lifted its holdings in Invitation Homes by 14.4% during the fourth quarter. abrdn plc now owns 368,264 shares of the company’s stock valued at $11,740,000 after purchasing an additional 46,223 shares in the last quarter. Forsta AP Fonden lifted its holdings in Invitation Homes by 2.4% during the fourth quarter. Forsta AP Fonden now owns 192,700 shares of the company’s stock valued at $6,161,000 after purchasing an additional 4,600 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Invitation Homes by 10.8% during the fourth quarter. Pacer Advisors Inc. now owns 47,589 shares of the company’s stock valued at $1,521,000 after purchasing an additional 4,646 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Invitation Homes by 28.7% during the fourth quarter. Blue Trust Inc. now owns 7,957 shares of the company’s stock valued at $281,000 after purchasing an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.7 %

Shares of INVH opened at $31.53 on Thursday. The company’s fifty day moving average is $31.95 and its 200 day moving average is $33.82. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The stock has a market capitalization of $19.31 billion, a PE ratio of 44.40, a P/E/G ratio of 4.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INVH. Royal Bank of Canada lowered their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Mizuho lowered their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.47.

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.