Russell Investments Group Ltd. Sells 438,594 Shares of Invitation Homes Inc. (NYSE:INVH)

Russell Investments Group Ltd. reduced its position in shares of Invitation Homes Inc. (NYSE:INVH) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,123,566 shares of the company’s stock after selling 438,594 shares during the period. Russell Investments Group Ltd.’s holdings in Invitation Homes were worth $99,860,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Lindbrook Capital LLC lifted its holdings in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after buying an additional 329 shares during the period. Smartleaf Asset Management LLC lifted its stake in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in Invitation Homes by 1.2% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after acquiring an additional 408 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Invitation Homes by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock valued at $235,000 after acquiring an additional 412 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its position in Invitation Homes by 2.8% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock valued at $506,000 after purchasing an additional 442 shares during the period. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on INVH. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays reaffirmed an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Jefferies Financial Group lowered 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 report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective 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 six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Stock Down 4.4 %

Invitation Homes stock opened at $32.49 on Friday. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The stock has a fifty day simple moving average of $32.84 and a two-hundred day simple moving average of $33.06. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Invitation Homes Company 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.