Invitation Homes Inc. (NYSE:INVH) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,807 shares of the company’s stock after selling 992 shares during the period. US Bancorp DE’s holdings in Invitation Homes were worth $697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC increased its stake 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 worth $663,373,000 after buying an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Homes by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after purchasing an additional 248,701 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on INVH. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group downgraded 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. Keefe, Bruyette & Woods raised their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.53.

Invitation Homes Price Performance

NYSE INVH opened at $34.27 on Tuesday. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The firm has a market capitalization of $20.99 billion, a PE ratio of 48.26, a P/E/G ratio of 4.70 and a beta of 1.03. The company’s 50 day simple moving average is $31.69 and its 200 day simple moving average is $33.37. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH) last issued 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 analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio 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.