Guggenheim Capital LLC Has $2.42 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Guggenheim Capital LLC reduced its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 84.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,528 shares of the company's stock after selling 405,378 shares during the period. Guggenheim Capital LLC's holdings in Invitation Homes were worth $2,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in INVH. Canada Post Corp Registered Pension Plan acquired a new stake in Invitation Homes in the fourth quarter worth approximately $249,000. Cohen & Steers Inc. lifted its stake in Invitation Homes by 1.7% during the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Invitation Homes by 5.3% during the fourth quarter. Sterling Capital Management LLC now owns 102,717 shares of the company's stock valued at $3,284,000 after purchasing an additional 5,161 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Invitation Homes by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 269,111 shares of the company's stock worth $8,603,000 after buying an additional 1,680 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Invitation Homes in the fourth quarter worth approximately $7,251,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on INVH. Barclays reissued an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Raymond James dropped their price target on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Stock Down 0.1 %

Shares of Invitation Homes stock traded down $0.05 during trading on Wednesday, hitting $34.00. 3,709,832 shares of the stock traded hands, compared to its average volume of 3,356,362. The stock has a market cap of $20.84 billion, a P/E ratio of 47.89, a PEG ratio of 4.70 and a beta of 0.86. The company has a fifty day moving average price of $33.15 and a two-hundred day moving average price of $32.78. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (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 firm had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Equities research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

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

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.