Invitation Homes Inc. (NYSE:INVH) Position Trimmed by Lasalle Investment Management Securities LLC

Lasalle Investment Management Securities LLC lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,634,406 shares of the company's stock after selling 127,458 shares during the period. Invitation Homes accounts for about 3.6% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 10th biggest holding. Lasalle Investment Management Securities LLC owned approximately 0.43% of Invitation Homes worth $84,222,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Assetmark Inc. boosted its holdings in shares of Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after purchasing an additional 31,184 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Invitation Homes during the fourth quarter valued at $595,000. Cbre Investment Management Listed Real Assets LLC lifted its position in Invitation Homes by 0.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock valued at $178,942,000 after purchasing an additional 44,945 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Invitation Homes in the 4th quarter worth $867,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Down 0.1 %

Shares of NYSE INVH traded down $0.05 during mid-day trading on Wednesday, reaching $34.00. 3,709,832 shares of the company were exchanged, compared to its average volume of 3,359,135. The firm has a 50-day moving average of $33.15 and a 200 day moving average of $32.78. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 47.89, a P/E/G ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. Invitation Homes's dividend payout ratio is presently 158.90%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of recent research reports. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Raymond James lowered their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.