Invitation Homes Inc. (NYSE:INVH) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Invitation Homes Inc. (NYSE:INVH) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,477,689 shares of the company’s stock after selling 1,376,685 shares during the period. Vanguard Group Inc. owned about 15.26% of Invitation Homes worth $2,988,482,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Lindbrook Capital LLC lifted its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after acquiring an additional 329 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP grew its stake in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after buying an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in Invitation Homes in the fourth quarter worth $48,000. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on INVH shares. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Barclays reissued an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Trading Down 0.4 %

Shares of NYSE:INVH opened at $34.09 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 stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The company has a 50 day moving average price of $32.25 and a 200 day moving average price of $33.15.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 158.90%.

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.