Invitation Homes Inc. (NYSE:INVH) Shares Sold by Xponance Inc.

Xponance Inc. lessened its holdings in Invitation Homes Inc. (NYSE:INVH) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,793 shares of the company’s stock after selling 1,755 shares during the quarter. Xponance Inc.’s holdings in Invitation Homes were worth $2,619,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Invitation Homes by 0.7% during the third quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company’s stock worth $658,403,000 after purchasing an additional 138,213 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Invitation Homes by 9.6% during the third quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after purchasing an additional 1,080,000 shares during the period. Morgan Stanley lifted its holdings in shares of Invitation Homes by 19.5% during the third quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after purchasing an additional 1,466,330 shares during the period. Northern Trust Corp lifted its holdings in shares of Invitation Homes by 2.2% during the third quarter. Northern Trust Corp now owns 7,066,681 shares of the company’s stock worth $223,943,000 after purchasing an additional 151,903 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Invitation Homes by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,922,291 shares of the company’s stock worth $187,677,000 after purchasing an additional 20,555 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on INVH shares. Evercore ISI reiterated an “in-line” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft started coverage on Invitation Homes in a research report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price target for the company. Citigroup reiterated a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Mizuho lifted their price target on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Stock Up 0.6 %

Shares of INVH opened at $33.78 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 1.99 and a beta of 0.94. The stock has a 50 day moving average price of $34.22 and a 200 day moving average price of $33.37.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The firm had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

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.