Schroder Investment Management Group Sells 1,768,030 Shares of Invitation Homes Inc. (NYSE:INVH)

Schroder Investment Management Group decreased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 96.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,418 shares of the company's stock after selling 1,768,030 shares during the quarter. Schroder Investment Management Group's holdings in Invitation Homes were worth $2,241,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Allstate Corp increased its stake in Invitation Homes by 25.5% in the fourth quarter. Allstate Corp now owns 135,750 shares of the company's stock valued at $4,340,000 after acquiring an additional 27,542 shares during the last quarter. DnB Asset Management AS boosted its holdings in shares of Invitation Homes by 2.5% in the 4th quarter. DnB Asset Management AS now owns 102,931 shares of the company's stock valued at $3,291,000 after purchasing an additional 2,536 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Invitation Homes by 32.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 9,847 shares of the company's stock valued at $315,000 after purchasing an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Invitation Homes by 3.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 932,807 shares of the company's stock valued at $29,822,000 after purchasing an additional 35,214 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Invitation Homes during the 4th quarter worth $7,885,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 1.4 %

INVH traded up $0.46 during midday trading on Friday, hitting $32.10. 3,768,229 shares of the company were exchanged, compared to its average volume of 3,335,956. The firm's 50 day moving average price is $32.89 and its 200-day moving average price is $32.87. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The firm has a market capitalization of $19.66 billion, a P/E ratio of 45.20, a P/E/G ratio of 4.70 and a beta of 0.86. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

Analyst Ratings Changes

INVH has been the topic of several research analyst reports. Barclays reaffirmed an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Raymond James reduced their price target on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday. JMP Securities reiterated a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, 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 research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $37.38.

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.