Invitation Homes Inc. (NYSE:INVH) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas cut its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 230,000 shares of the company's stock after selling 53,000 shares during the quarter. Employees Retirement System of Texas' holdings in Invitation Homes were worth $7,353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INVH. Norges Bank acquired a new stake in shares of Invitation Homes during the 4th quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. raised its holdings in Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. National Bank of Canada FI boosted its position in Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock worth $40,362,000 after purchasing an additional 780,760 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Invitation Homes by 46.8% in the fourth quarter. American Century Companies Inc. now owns 1,242,939 shares of the company's stock valued at $39,737,000 after purchasing an additional 396,319 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.4 %

Shares of INVH traded up $0.46 during trading hours on Friday, hitting $32.10. The stock had a trading volume of 3,768,229 shares, compared to its average volume of 3,335,956. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The firm has a market cap of $19.66 billion, a P/E ratio of 45.20, a P/E/G ratio of 4.70 and a beta of 0.86. 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's fifty day simple moving average is $32.89 and its 200 day simple moving average is $32.87.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting 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%. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, March 27th. Invitation Homes's payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the subject of several research reports. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Barclays restated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and a consensus price target of $37.38.

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.