Invitation Homes Inc. (NYSE:INVH) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,735,824 shares of the company's stock after selling 49,944 shares during the quarter. Canada Pension Plan Investment Board owned about 2.57% of Invitation Homes worth $503,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC raised its position in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Invitation Homes by 654.8% during the 4th 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 period. Smartleaf Asset Management LLC grew its position in 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 in the last quarter. Allworth Financial LP grew its position in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in Invitation Homes during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent research reports. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays restated 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. Raymond James dropped their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.38.

Invitation Homes Stock Performance

Shares of NYSE INVH traded up $0.70 during mid-day trading on Tuesday, hitting $34.10. 504,142 shares of the company were exchanged, compared to its average volume of 3,150,910. 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 firm has a market cap of $20.90 billion, a price-to-earnings ratio of 48.03, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The stock has a 50 day simple moving average of $33.10 and a 200-day simple moving average of $32.77. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80.

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

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. 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.