Kentucky Retirement Systems Sells 296 Shares of Invitation Homes Inc. (NYSE:INVH)

Kentucky Retirement Systems cut its stake in Invitation Homes Inc. (NYSE:INVH) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,389 shares of the company’s stock after selling 296 shares during the period. Kentucky Retirement Systems’ holdings in Invitation Homes were worth $1,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of INVH. Oregon Public Employees Retirement Fund lifted its stake in shares of Invitation Homes by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after buying an additional 310 shares during the period. Harbour Capital Advisors LLC grew its holdings in shares of Invitation Homes by 2.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock worth $495,000 after purchasing an additional 315 shares in the last quarter. Appleton Partners Inc. MA increased its position in shares of Invitation Homes by 0.9% during the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after purchasing an additional 365 shares during the period. Wellington Management Group LLP increased its holdings in Invitation Homes by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock valued at $1,444,000 after buying an additional 386 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Invitation Homes by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after buying an additional 409 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on INVH. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Scotiabank cut their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Evercore ISI lifted their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Royal Bank of Canada downgraded shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $37.00 to $36.00 in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

Invitation Homes Stock Performance

INVH stock opened at $36.04 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The company has a market cap of $22.08 billion, a P/E ratio of 41.43, a PEG ratio of 4.50 and a beta of 1.01. The business has a fifty day moving average of $35.82 and a 200-day moving average of $35.23.

Invitation Homes (NYSE:INVH) last announced 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 the consensus estimate of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current 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 dividend on an annualized basis and a yield of 3.11%. Invitation Homes’s payout ratio is presently 128.74%.

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.