B. Metzler seel. Sohn & Co. AG lowered its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,817 shares of the company's stock after selling 84,486 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Invitation Homes were worth $1,721,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP increased its stake in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes during the fourth quarter worth about $48,000. Institutional investors own 96.79% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Finally, Barclays reaffirmed an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.47.
View Our Latest Research Report on INVH
Invitation Homes Price Performance
Shares of NYSE INVH traded down $1.50 during midday trading on Friday, reaching $32.49. The company's stock had a trading volume of 4,671,287 shares, compared to its average volume of 3,303,011. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $19.91 billion, a P/E ratio of 45.76, a P/E/G ratio of 4.70 and a beta of 0.86. The business's 50 day moving average price is $32.84 and its two-hundred day moving average price is $33.06. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.
Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.
Invitation Homes Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. Invitation Homes's payout ratio is 158.90%.
About Invitation Homes
(
Free Report)
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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