Bank Julius Baer & Co. Ltd Zurich Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,184 shares of the company's stock after selling 8,219 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Invitation Homes were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invitation Homes Stock Performance

NYSE INVH opened at $33.93 on Wednesday. The company has a 50-day simple moving average of $31.74 and a two-hundred day simple moving average of $33.36. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The firm has a market cap of $20.79 billion, a price-to-earnings ratio of 47.78, a PEG ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Barclays lowered their target price on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Invitation Homes presently has a consensus rating of "Hold" and an average price target of $37.53.

About Invitation Homes

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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