National Pension Service Lowers Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

National Pension Service trimmed its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 865,559 shares of the company's stock after selling 22,751 shares during the period. National Pension Service owned 0.14% of Invitation Homes worth $27,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after buying an additional 702 shares during the last quarter. Assetmark Inc. grew its stake in shares of Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after acquiring an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes in the fourth quarter worth $48,000. Brooklyn Investment Group purchased a new stake in shares of Invitation Homes in the third quarter worth $49,000. Finally, Huntington National Bank grew its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company's stock worth $71,000 after acquiring an additional 699 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Shares of INVH traded up $0.39 on Monday, reaching $34.40. The company's stock had a trading volume of 3,308,947 shares, compared to its average volume of 3,071,275. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The stock has a market capitalization of $21.07 billion, a P/E ratio of 48.45, a PEG ratio of 4.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock's 50 day simple moving average is $31.52 and its two-hundred day simple moving average is $33.42.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate 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%. Research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a $0.29 dividend. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Wall Street Analyst Weigh In

Several brokerages recently commented on INVH. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Barclays cut their target price on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.