Mutual of America Capital Management LLC Has $2.69 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Mutual of America Capital Management LLC cut its stake in Invitation Homes Inc. (NYSE:INVH) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,423 shares of the company’s stock after selling 1,555 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Invitation Homes were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INVH. BOK Financial Private Wealth Inc. acquired a new position in shares of Invitation Homes in the first quarter worth $26,000. Creekmur Asset Management LLC acquired a new position in Invitation Homes during the fourth quarter worth $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after buying an additional 1,061 shares during the last quarter. Mather Group LLC. acquired a new position in Invitation Homes during the first quarter worth $75,000. Finally, GAMMA Investing LLC acquired a new position in Invitation Homes during the fourth quarter worth $79,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on INVH. Raymond James increased their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. 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 research report on Wednesday, May 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $38.00 target price on shares of Invitation Homes in a research report on Monday, June 17th. Evercore ISI upped their price target on shares of Invitation Homes from $36.00 to $37.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Mizuho decreased their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of “Moderate Buy” and a consensus target price of $38.06.

Invitation Homes Stock Down 0.2 %

NYSE INVH opened at $35.37 on Friday. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market cap of $21.67 billion, a PE ratio of 40.66, a PEG ratio of 2.18 and a beta of 0.99. The firm has a 50-day simple moving average of $35.22 and a 200 day simple moving average of $34.42.

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

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Thursday, June 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, June 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insider Buying and Selling

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

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.