Vanguard Group Inc. Has $2.99 Billion Stock Position in Invitation Homes Inc. (NYSE:INVH)

Vanguard Group Inc. trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,477,689 shares of the company's stock after selling 1,376,685 shares during the quarter. Vanguard Group Inc. owned about 15.26% of Invitation Homes worth $2,988,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in Invitation Homes by 7.5% in the third quarter. Empowered Funds LLC now owns 10,776 shares of the company's stock worth $380,000 after purchasing an additional 754 shares during the period. Pathstone Holdings LLC raised its stake in shares of Invitation Homes by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 44,764 shares of the company's stock worth $1,581,000 after buying an additional 1,031 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Invitation Homes by 43.6% in the third quarter. Cerity Partners LLC now owns 22,029 shares of the company's stock valued at $777,000 after buying an additional 6,685 shares during the period. Swedbank AB boosted its stake in Invitation Homes by 25.1% during the third quarter. Swedbank AB now owns 574,855 shares of the company's stock valued at $20,269,000 after buying an additional 115,211 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Invitation Homes during the third quarter worth about $107,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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Invitation Homes Stock Up 0.9 %

Shares of INVH traded up $0.32 during trading hours on Friday, reaching $34.48. The company's stock had a trading volume of 2,924,119 shares, compared to its average volume of 3,279,217. 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 firm has a market cap of $21.12 billion, a price-to-earnings ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a 50 day moving average of $32.51 and a two-hundred day moving average of $33.12. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, research analysts predict 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. 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 yield of 3.36%. Invitation Homes's payout ratio is 158.90%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays reaffirmed an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $37.47.

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.