Tredje AP fonden Trims Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Tredje AP fonden lessened its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,288 shares of the company's stock after selling 48,288 shares during the quarter. Tredje AP fonden's holdings in Invitation Homes were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after acquiring an additional 378 shares during the period. Assetmark Inc. grew its stake in shares of Invitation Homes by 1,664.9% during the 3rd 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 period. Finally, Brooklyn Investment Group bought a new position in shares of Invitation Homes during the 3rd quarter worth $49,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Down 0.6 %

Shares of INVH traded down $0.20 during mid-day trading on Wednesday, hitting $33.84. 2,327,216 shares of the company's stock traded hands, compared to its average volume of 3,066,991. 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 Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The firm has a market capitalization of $20.73 billion, a P/E ratio of 47.66, a PEG ratio of 4.70 and a beta of 1.03. The business's 50-day moving average price is $31.97 and its 200-day moving average price is $33.24.

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Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts' expectations of $658.71 million. As a group, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.43%. Invitation Homes's dividend payout ratio (DPR) is presently 158.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on INVH shares. Barclays reiterated an "overweight" rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.65.

Invitation Homes 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.