Invesco Ltd. Sells 2,390,602 Shares of Invitation Homes Inc. (NYSE:INVH)

Invesco Ltd. reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,905,697 shares of the company's stock after selling 2,390,602 shares during the quarter. Invesco Ltd. owned 1.94% of Invitation Homes worth $380,625,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in shares of Invitation Homes by 6.6% in the third quarter. Captrust Financial Advisors now owns 16,165 shares of the company's stock valued at $570,000 after buying an additional 1,001 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Invitation Homes by 2.8% in the third quarter. Quantinno Capital Management LP now owns 36,184 shares of the company's stock valued at $1,276,000 after purchasing an additional 976 shares in the last quarter. Stifel Financial Corp lifted its holdings in Invitation Homes by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 68,472 shares of the company's stock worth $2,414,000 after buying an additional 5,165 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Invitation Homes by 5.9% in the third quarter. Wellington Management Group LLP now owns 51,908 shares of the company's stock valued at $1,830,000 after acquiring an additional 2,877 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INVH. Keefe, Bruyette & Woods lifted their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Raymond James dropped their target price on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday. Barclays reissued an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Finally, Jefferies Financial Group cut shares of 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. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Price Performance

NYSE:INVH traded up $0.18 on Tuesday, hitting $32.88. The company had a trading volume of 1,000,819 shares, compared to its average volume of 3,327,959. The stock has a market capitalization of $20.15 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $32.93 and a two-hundred day moving average of $32.82.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts' expectations of $658.71 million. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

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 is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.53%. Invitation Homes's payout ratio is presently 158.90%.

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.