Barclays PLC Cuts Position in Invitation Homes Inc. (NYSE:INVH)

Barclays PLC lowered its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 838,570 shares of the company's stock after selling 343,654 shares during the period. Barclays PLC owned approximately 0.14% of Invitation Homes worth $26,808,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in INVH. Norges Bank purchased a new stake in Invitation Homes in the 4th quarter worth about $1,646,794,000. JPMorgan Chase & Co. lifted its stake in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after acquiring an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after acquiring an additional 3,870,432 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Invitation Homes by 1,394.8% during the 4th quarter. Renaissance Technologies LLC now owns 763,583 shares of the company's stock valued at $24,412,000 after acquiring an additional 712,500 shares during the period. Finally, American Century Companies Inc. grew its position in Invitation Homes by 46.8% in the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company's stock valued at $39,737,000 after acquiring an additional 396,319 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INVH. Barclays reissued an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Invitation Homes currently has a consensus rating of "Hold" and an average target price of $37.38.

Invitation Homes Stock Down 0.2 %

INVH traded down $0.07 during trading on Wednesday, hitting $33.99. The stock had a trading volume of 2,662,045 shares, compared to its average volume of 3,168,301. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The stock has a 50 day simple moving average of $33.15 and a two-hundred day simple moving average of $32.78. 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 capitalization of $20.83 billion, a PE ratio of 47.83, a PEG ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last released its 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. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. On average, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Invitation Homes Company 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.