Invitation Homes Inc. (NYSE:INVH) Stock Position Lowered by Millennium Management LLC

Millennium Management LLC lowered its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,588,233 shares of the company’s stock after selling 57,630 shares during the quarter. Millennium Management LLC’s holdings in Invitation Homes were worth $128,782,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes in the 1st quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Invitation Homes in the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes during the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes during the second quarter worth approximately $45,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Down 0.0 %

Invitation Homes stock opened at $35.00 on Friday. The business has a 50 day moving average price of $35.79 and a two-hundred day moving average price of $35.25. 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 12 month low of $28.49 and a 12 month high of $37.80. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 40.23, a price-to-earnings-growth ratio of 4.56 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. As a group, equities analysts forecast 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. Stockholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s dividend payout ratio is 128.74%.

Analyst Ratings Changes

Several research analysts have issued reports on INVH shares. Scotiabank dropped their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. UBS Group boosted their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI raised their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.