HighTower Advisors LLC Sells 57,262 Shares of Invitation Homes Inc. (NYSE:INVH)

HighTower Advisors LLC reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 80.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,604 shares of the company’s stock after selling 57,262 shares during the quarter. HighTower Advisors LLC’s holdings in Invitation Homes were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock worth $117,000 after buying an additional 2,344 shares during the period. Orion Portfolio Solutions LLC purchased a new stake in shares of Invitation Homes during the third quarter valued at $263,000. Charles Schwab Investment Management Inc. lifted its position in Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after purchasing an additional 31,184 shares during the period. OFI Invest Asset Management bought a new stake in shares of Invitation Homes in the fourth quarter worth $595,000. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Invitation Homes by 0.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after buying an additional 44,945 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.48 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $21.12 billion, a PE ratio of 48.56, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The business’s fifty day simple moving average is $32.51 and its 200-day simple moving average is $33.12.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays reaffirmed an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.47.

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.