Robeco Institutional Asset Management B.V. Sells 99,403 Shares of Invitation Homes Inc. (NYSE:INVH)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 77.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,540 shares of the company's stock after selling 99,403 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Invitation Homes were worth $1,042,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of Invitation Homes by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock valued at $567,597,000 after buying an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock worth $315,671,000 after purchasing an additional 170,374 shares in the last quarter. Centersquare Investment Management LLC raised its position in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock valued at $292,485,000 after purchasing an additional 384,564 shares during the period. PGGM Investments lifted its stake in shares of Invitation Homes by 4.9% during the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company's stock valued at $176,812,000 after buying an additional 232,012 shares in the last quarter. Finally, Boston Partners boosted its holdings in Invitation Homes by 4.3% in the 1st quarter. Boston Partners now owns 3,218,905 shares of the company's stock worth $114,617,000 after buying an additional 132,381 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on INVH shares. Keefe, Bruyette & Woods dropped their target price on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a "hold" rating to a "buy" rating and upped their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Evercore ISI raised their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a "buy" rating and a $46.00 price objective for the company. Finally, Bank of America cut shares of Invitation Homes from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Invitation Homes Price Performance

INVH traded up $0.13 during midday trading on Monday, hitting $33.83. The stock had a trading volume of 2,634,436 shares, compared to its average volume of 3,388,093. The company has a market cap of $20.72 billion, a P/E ratio of 47.65, a price-to-earnings-growth ratio of 4.77 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The business has a fifty day moving average of $34.59 and a 200 day moving average of $35.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's dividend payout ratio is currently 157.75%.

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.