Amundi Has $70.34 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Amundi cut its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,293,462 shares of the company's stock after selling 81,477 shares during the quarter. Amundi owned 0.37% of Invitation Homes worth $70,340,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in INVH. Assetmark Inc. raised its position in shares of Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after purchasing an additional 1,232 shares during the period. Atria Investments Inc grew its stake in Invitation Homes by 4.4% in the 3rd quarter. Atria Investments Inc now owns 25,859 shares of the company's stock valued at $912,000 after purchasing an additional 1,094 shares during the period. Los Angeles Capital Management LLC grew its stake in Invitation Homes by 323.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 31,219 shares of the company's stock valued at $1,101,000 after purchasing an additional 23,847 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock worth $125,330,000 after acquiring an additional 50,881 shares during the period. Finally, Aigen Investment Management LP grew its stake in shares of Invitation Homes by 312.2% during the 3rd quarter. Aigen Investment Management LP now owns 23,357 shares of the company's stock worth $824,000 after acquiring an additional 17,690 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.93 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.79 billion, a P/E ratio of 47.78, a PEG ratio of 4.70 and a beta of 1.03. The business's 50-day moving average price is $31.74 and its two-hundred day moving average price is $33.36. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80.

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Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm 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%. As a group, equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. Invitation Homes's dividend payout ratio is 158.90%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Barclays dropped their price objective on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Invitation Homes currently has a consensus rating of "Hold" and an average target price of $37.53.

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.

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