Invitation Homes Inc. (NYSE:INVH) Holdings Cut by Ieq Capital LLC

Ieq Capital LLC reduced its stake in Invitation Homes Inc. (NYSE:INVH) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,805 shares of the company’s stock after selling 6,024 shares during the period. Ieq Capital LLC’s holdings in Invitation Homes were worth $377,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. increased its stake in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares during the period. Brooklyn Investment Group bought a new stake in Invitation Homes in the third quarter worth about $49,000. Allworth Financial LP raised its position in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in Invitation Homes in the 4th quarter valued at about $48,000. Finally, Huntington National Bank boosted its position in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after purchasing an additional 699 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Up 5.6 %

NYSE INVH opened at $33.35 on Friday. The company has a market capitalization of $20.43 billion, a PE ratio of 46.97, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. 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 firm’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $33.45.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. Invitation Homes’s dividend payout ratio is 163.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on INVH shares. Royal Bank of Canada cut their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes 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.