BOK Financial Private Wealth Inc. Makes New $26,000 Investment in Invitation Homes Inc. (NYSE:INVH)

BOK Financial Private Wealth Inc. purchased a new stake in Invitation Homes Inc. (NYSE:INVH) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 738 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Invitation Homes in the 4th quarter valued at approximately $1,346,883,000. Boston Partners acquired a new position in Invitation Homes during the fourth quarter worth $105,282,000. Goldman Sachs Group Inc. boosted its holdings in Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. Morgan Stanley grew its position in Invitation Homes by 19.5% in the third quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock valued at $285,017,000 after purchasing an additional 1,466,330 shares in the last quarter. Finally, First Financial Bankshares Inc acquired a new stake in Invitation Homes in the 4th quarter valued at $45,104,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Performance

NYSE INVH traded up $0.03 on Friday, reaching $36.04. The stock had a trading volume of 2,567,197 shares, compared to its average volume of 3,178,993. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $22.08 billion, a P/E ratio of 41.43, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The firm has a fifty day moving average of $35.07 and a two-hundred day moving average of $34.37. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The business had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be issued a $0.28 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.12 annualized dividend and a yield of 3.11%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Insider Activity

In related news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at $970,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the sale, the director now owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of several analyst reports. Citigroup restated a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a report on Friday, March 22nd. Raymond James boosted their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Evercore ISI reiterated an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $38.00 target price on shares of Invitation Homes in a research note on Monday, June 17th. Finally, Barclays lowered their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.