SYSTM Wealth Solutions LLC Has $90,000 Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

SYSTM Wealth Solutions LLC decreased its position in Invitation Homes Inc. (NYSE:INVH) by 27.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,490 shares of the company’s stock after selling 935 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Invitation Homes were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in shares of Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after acquiring an additional 3,351,424 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares in the last quarter. First Financial Bankshares Inc bought a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $45,104,000. Cohen & Steers Inc. raised its holdings in shares of Invitation Homes by 1.3% in the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after buying an additional 1,008,392 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Invitation Homes by 109.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after buying an additional 595,988 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH opened at $36.04 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $35.80 and its 200 day simple moving average is $35.22. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $37.80. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 4.50 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). The firm had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. On average, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.11%. Invitation Homes’s dividend payout ratio is 128.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INVH. Mizuho lowered their price target on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Evercore ISI boosted their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday. Scotiabank dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Finally, UBS Group lifted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.10.

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.