Invitation Homes Inc. (NYSE:INVH) Position Reduced by Federated Hermes Inc.

Federated Hermes Inc. trimmed its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 74.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the company's stock after selling 9,951 shares during the period. Federated Hermes Inc.'s holdings in Invitation Homes were worth $109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Invitation Homes in the fourth quarter valued at $1,646,794,000. JPMorgan Chase & Co. raised its stake in Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after acquiring an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC lifted its position in 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 period. American Century Companies Inc. grew its stake in shares of 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 purchasing an additional 396,319 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after purchasing an additional 365,954 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Down 0.7 %

Shares of INVH traded down $0.25 during trading hours on Wednesday, hitting $33.80. The stock had a trading volume of 2,492,320 shares, compared to its average volume of 3,351,913. The firm has a market cap of $20.72 billion, a P/E ratio of 47.54, 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 $33.15 and its 200 day simple moving average is $32.78. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Equities research 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. Investors of record on Monday, March 17th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James cut their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group downgraded 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. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average 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.