Calamos Advisors LLC Purchases 788 Shares of Invitation Homes Inc. (NYSE:INVH)

Calamos Advisors LLC lifted its position in Invitation Homes Inc. (NYSE:INVH) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 129,184 shares of the company’s stock after buying an additional 788 shares during the period. Calamos Advisors LLC’s holdings in Invitation Homes were worth $4,130,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. abrdn plc lifted its position in Invitation Homes by 14.4% in the 4th quarter. abrdn plc now owns 368,264 shares of the company’s stock valued at $11,740,000 after acquiring an additional 46,223 shares in the last quarter. Forsta AP Fonden lifted its holdings in shares of 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. boosted its position in shares of 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 buying an additional 4,646 shares during the last quarter. Blue Trust Inc. increased its holdings in Invitation Homes by 28.7% in the 4th quarter. Blue Trust Inc. now owns 7,957 shares of the company’s stock worth $281,000 after buying an additional 1,775 shares in the last quarter. Finally, Presima Securities ULC raised its position in Invitation Homes by 10.1% in the 4th quarter. Presima Securities ULC now owns 717,940 shares of the company’s stock worth $22,953,000 after buying an additional 66,040 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.9 %

Shares of Invitation Homes stock opened at $31.34 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a fifty day moving average of $32.02 and a 200 day moving average of $33.84. The company has a market capitalization of $19.20 billion, a P/E ratio of 44.14, a P/E/G ratio of 4.55 and a beta of 1.04. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.70%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Analyst Ratings Changes

INVH has been the topic of a number of recent analyst reports. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Royal Bank of Canada cut their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Mizuho decreased their target price on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.47.

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.