Teacher Retirement System of Texas Sells 6,256 Shares of Invitation Homes Inc. (NYSE:INVH)

Teacher Retirement System of Texas decreased its holdings in Invitation Homes Inc. (NYSE:INVH) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,224 shares of the company’s stock after selling 6,256 shares during the period. Teacher Retirement System of Texas’ holdings in Invitation Homes were worth $2,980,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INVH. State Street Corp raised its stake in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after acquiring an additional 298,307 shares during the period. FMR LLC increased its holdings in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after purchasing an additional 31,184 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after buying an additional 1,089,281 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Invitation Homes by 0.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after buying an additional 44,945 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on INVH shares. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, 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. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes has a consensus rating of “Hold” and an average target price of $37.56.

Invitation Homes Stock Performance

Invitation Homes stock opened at $34.09 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.89 billion, a PE ratio of 48.01, a P/E/G ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The business’s 50-day moving average price is $32.25 and its two-hundred day moving average price is $33.15.

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

Invitation Homes Announces Dividend

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

About Invitation Homes

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.