Schwab Charles Investment Management Inc. lifted its stake in Invitation Homes (NYSE:INVH) by 9.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,805,478 shares of the company’s stock after buying an additional 231,805 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.90% of Invitation Homes worth $64,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of INVH. California Public Employees Retirement System bought a new position in shares of Invitation Homes in the third quarter worth about $226,000. Nisa Investment Advisors LLC raised its stake in shares of Invitation Homes by 44.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,550 shares of the company’s stock worth $272,000 after buying an additional 3,550 shares during the period. Bank of Montreal Can raised its stake in shares of Invitation Homes by 300.7% in the fourth quarter. Bank of Montreal Can now owns 437,683 shares of the company’s stock worth $10,316,000 after buying an additional 328,464 shares during the period. Gulf International Bank UK Ltd bought a new position in shares of Invitation Homes in the fourth quarter worth about $2,155,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Invitation Homes in the fourth quarter worth about $111,000.

NYSE:INVH opened at $22.14 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.79 and a current ratio of 0.63. Invitation Homes has a 12-month low of $22.08 and a 12-month high of $22.50.

Invitation Homes (NYSE:INVH) last released its earnings results on Monday, May 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.31). Invitation Homes had a negative return on equity of 1.31% and a negative net margin of 6.50%. The business had revenue of $423.70 million for the quarter, compared to analysts’ expectations of $415.58 million. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 77.4% compared to the same quarter last year. sell-side analysts forecast that Invitation Homes will post 1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Tuesday, May 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, May 14th. Invitation Homes’s dividend payout ratio is currently 169.23%.

INVH has been the topic of several recent research reports. Zacks Investment Research raised Invitation Homes from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, April 18th. Mizuho reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Invitation Homes in a research note on Tuesday, February 27th. B. Riley initiated coverage on Invitation Homes in a research note on Monday, March 12th. They issued a “buy” rating and a $26.00 price objective on the stock. Robert W. Baird initiated coverage on Invitation Homes in a research note on Thursday, April 5th. They issued an “outperform” rating on the stock. Finally, Zelman & Associates downgraded Invitation Homes from a “buy” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.78.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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

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