Sumitomo Mitsui Trust Holdings Inc. Has $139.58 Million Position in Invitation Homes Inc. (NYSE:INVH)

Sumitomo Mitsui Trust Holdings Inc. cut its position in Invitation Homes Inc. (NYSE:INVH) by 8.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,919,750 shares of the company’s stock after selling 377,195 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.64% of Invitation Homes worth $139,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Naviter Wealth LLC grew its holdings in shares of Invitation Homes by 6.1% during the 1st quarter. Naviter Wealth LLC now owns 38,966 shares of the company’s stock valued at $1,398,000 after purchasing an additional 2,238 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Invitation Homes by 31.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,227 shares of the company’s stock valued at $2,430,000 after purchasing an additional 16,516 shares during the last quarter. Guidance Capital Inc. bought a new stake in shares of Invitation Homes during the 1st quarter valued at approximately $827,000. New England Research & Management Inc. grew its holdings in shares of Invitation Homes by 1.7% during the 1st quarter. New England Research & Management Inc. now owns 36,694 shares of the company’s stock valued at $1,307,000 after purchasing an additional 600 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its holdings in shares of Invitation Homes by 2.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after purchasing an additional 315 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.3 %

Shares of NYSE INVH traded up $0.11 during mid-day trading on Wednesday, hitting $36.16. The stock had a trading volume of 711,751 shares, compared to its average volume of 3,108,880. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The business has a 50 day moving average price of $34.98 and a two-hundred day moving average price of $34.33. The firm has a market cap of $22.15 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. On average, equities analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, June 27th. Invitation Homes’s dividend payout ratio is presently 128.74%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Citigroup reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a research note on Friday, March 22nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of Invitation Homes in a research note on Monday, June 17th. Barclays reduced their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, Raymond James upped their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Insider Transactions at Invitation Homes

In related news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

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.