American Assets Capital Advisers LLC Sells 34,265 Shares of Invitation Homes Inc. (NYSE:INVH)

American Assets Capital Advisers LLC lessened its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 133,983 shares of the company's stock after selling 34,265 shares during the period. Invitation Homes comprises about 1.4% of American Assets Capital Advisers LLC's portfolio, making the stock its 21st biggest position. American Assets Capital Advisers LLC's holdings in Invitation Homes were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in INVH. State Street Corp boosted its holdings in Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock valued at $1,270,062,000 after acquiring an additional 298,307 shares during the last quarter. FMR LLC increased its position in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after buying an additional 753,464 shares during the period. Daiwa Securities Group Inc. raised its stake in Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock worth $414,264,000 after buying an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 buying an additional 31,184 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock valued at $221,709,000 after acquiring an additional 1,089,281 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on INVH shares. JMP Securities reissued a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $37.65.

Invitation Homes Stock Up 0.7 %

NYSE INVH traded up $0.24 during trading hours on Thursday, hitting $34.09. The company's stock had a trading volume of 3,201,341 shares, compared to its average volume of 3,065,383. 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's 50-day simple moving average is $31.97 and its two-hundred day simple moving average is $33.24. The company has a market capitalization of $20.89 billion, a PE ratio of 48.02, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 27th will be issued a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. Invitation Homes's dividend payout ratio is currently 158.90%.

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.