GSI Capital Advisors LLC Sells 24,628 Shares of Invitation Homes Inc. (NYSE:INVH)

GSI Capital Advisors LLC lowered its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,475 shares of the company's stock after selling 24,628 shares during the quarter. Invitation Homes comprises approximately 3.4% of GSI Capital Advisors LLC's investment portfolio, making the stock its 13th biggest holding. GSI Capital Advisors LLC's holdings in Invitation Homes were worth $6,409,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INVH. Norges Bank bought a new position in Invitation Homes in the 4th quarter valued at about $1,646,794,000. State Street Corp lifted its stake in shares of Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company's stock worth $1,270,062,000 after acquiring an additional 298,307 shares during the period. Geode Capital Management LLC boosted 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 acquiring an additional 365,954 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invitation Homes by 74.1% in the fourth 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after acquiring an additional 31,184 shares during the period. Institutional investors own 96.79% of the company's stock.

Remove Ads

Invitation Homes Stock Performance

NYSE:INVH traded down $1.50 during trading hours on Friday, hitting $32.49. 4,671,287 shares of the company traded hands, compared to its average volume of 3,303,011. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The firm has a 50-day moving average of $32.84 and a 200 day moving average of $33.06. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 45.76, a P/E/G ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Thursday, March 27th. Invitation Homes's payout ratio is presently 158.90%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of research reports. Mizuho raised 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 research note on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $37.47.

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.