Invitation Homes Inc. (NYSE:INVH) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its position in Invitation Homes Inc. (NYSE:INVH) by 96.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 70,418 shares of the company’s stock after selling 1,768,030 shares during the period. Schroder Investment Management Group’s holdings in Invitation Homes were worth $2,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of INVH. Assetmark Inc. lifted its holdings in Invitation Homes by 179.5% during 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 in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Invitation Homes in the third quarter valued at $263,000. Charles Schwab Investment Management Inc. boosted its holdings in Invitation Homes by 0.5% in 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. HighTower Advisors LLC grew its stake in 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 in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Invitation Homes during the 4th quarter worth about $595,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INVH shares. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Barclays restated an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. 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, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Trading Down 4.4 %

NYSE:INVH opened at $32.49 on Monday. The company has a market capitalization of $19.91 billion, a PE ratio of 45.76, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The stock’s 50 day moving average price is $32.84 and its 200 day moving average price is $33.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. 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.