Invitation Homes Inc. (NYSE:INVH) Holdings Cut by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,110 shares of the company’s stock after selling 20,000 shares during the period. Invitation Homes comprises approximately 1.7% of Pensionfund DSM Netherlands’ portfolio, making the stock its 17th biggest holding. Pensionfund DSM Netherlands’ holdings in Invitation Homes were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of INVH. Orion Portfolio Solutions LLC bought a new position in Invitation Homes in the 3rd quarter worth approximately $263,000. Swedbank AB raised its stake in Invitation Homes by 25.1% during the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after purchasing an additional 115,211 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invitation Homes in the 3rd quarter valued at $3,825,000. Bank of Montreal Can grew its position in Invitation Homes by 18.0% in the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock worth $19,566,000 after purchasing an additional 83,142 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Invitation Homes by 696.9% during the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after purchasing an additional 61,973 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INVH shares. Barclays started coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 target price for the company. Mizuho decreased their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Scotiabank decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.29.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.06 during trading hours on Monday, hitting $31.87. 193,434 shares of the company’s stock were exchanged, compared to its average volume of 1,449,697. The stock’s 50-day moving average is $33.08 and its 200-day moving average is $34.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 44.89, a price-to-earnings-growth ratio of 5.03 and a beta of 1.04. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, December 26th. Invitation Homes’s payout ratio is presently 163.38%.

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.