HighTower Advisors LLC Sells 57,262 Shares of Invitation Homes Inc. (NYSE:INVH)

HighTower Advisors LLC decreased its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 80.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,604 shares of the company's stock after selling 57,262 shares during the period. HighTower Advisors LLC's holdings in Invitation Homes were worth $435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC raised its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Invitation Homes by 58.5% during 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 during the period. Allworth Financial LP boosted its stake in Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $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 in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

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Invitation Homes Stock Performance

Shares of INVH traded down $0.64 during trading hours on Thursday, hitting $33.99. The stock had a trading volume of 2,766,836 shares, compared to its average volume of 3,293,154. The stock has a fifty day moving average price of $32.80 and a 200 day moving average price of $33.09. The firm has a market capitalization of $20.82 billion, a PE ratio of 47.87, a PEG ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last announced 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 net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.41%. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INVH. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Barclays reissued an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $37.47.

Invitation Homes 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.