Invitation Homes Inc. (NYSE:INVH) Shares Sold by National Pension Service

National Pension Service reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 865,559 shares of the company’s stock after selling 22,751 shares during the period. National Pension Service’s holdings in Invitation Homes were worth $27,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Assetmark Inc. increased its stake in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after acquiring an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes in the 4th quarter worth $48,000. Brooklyn Investment Group purchased a new position in shares of Invitation Homes during the 3rd quarter worth $49,000. Finally, Huntington National Bank boosted its position in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after acquiring an additional 699 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INVH. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Finally, Barclays reduced their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Up 2.1 %

Shares of NYSE:INVH opened at $34.02 on Friday. The firm has a market capitalization of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s 50-day moving average is $31.52 and its two-hundred day moving average is $33.44.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) 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.