Bank of New York Mellon Corp Sells 7,806 Shares of Invitation Homes Inc. (NYSE:INVH)

Bank of New York Mellon Corp trimmed its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,652,993 shares of the company's stock after selling 7,806 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.60% of Invitation Homes worth $116,786,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC purchased a new stake in shares of Invitation Homes in the 3rd quarter valued at about $263,000. Swedbank AB increased its position in shares of Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company's stock worth $20,269,000 after purchasing an additional 115,211 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invitation Homes in the third quarter valued at approximately $3,825,000. HighTower Advisors LLC lifted its position in Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Invitation Homes in the 3rd quarter worth approximately $4,876,000. 96.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JMP Securities restated a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Eleven research 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.com, Invitation Homes has an average rating of "Hold" and an average target price of $37.47.

Invitation Homes Trading Up 1.1 %

Invitation Homes stock traded up $0.39 during trading hours on Monday, reaching $34.40. The stock had a trading volume of 3,308,947 shares, compared to its average volume of 3,071,820. The company has a fifty day simple moving average of $31.52 and a 200-day simple moving average of $33.42. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The stock has a market cap of $21.07 billion, a PE ratio of 48.45, a PEG ratio of 4.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

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

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio is currently 158.90%.

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.