Westpac Banking Corp decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,044 shares of the company's stock after selling 23,115 shares during the quarter. Westpac Banking Corp's holdings in Invitation Homes were worth $4,509,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Lindbrook Capital LLC grew its stake in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after buying an additional 378 shares in the last quarter. Allworth Financial LP boosted its stake in Invitation Homes by 101.2% during the fourth 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. Finally, Center for Financial Planning Inc. purchased a new stake in Invitation Homes in the 4th quarter valued at $48,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Invitation Homes Stock Performance
INVH traded down $1.50 during trading on Friday, reaching $32.49. The company's stock had a trading volume of 4,671,287 shares, compared to its average volume of 3,309,068. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company's fifty day moving average price is $32.84 and its 200-day moving average price is $33.06. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.
Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share 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 firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.
Invitation Homes Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. Invitation Homes's payout ratio is 158.90%.
Analyst Ratings Changes
Several brokerages have recently weighed in on INVH. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays restated an "overweight" rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and an average target price of $37.47.
View Our Latest Stock Report on Invitation Homes
About Invitation Homes
(
Free Report)
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.
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