KBC Group NV Sells 301,929 Shares of Invitation Homes Inc. (NYSE:INVH)

KBC Group NV lessened its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,903 shares of the company's stock after selling 301,929 shares during the quarter. KBC Group NV's holdings in Invitation Homes were worth $9,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes during the third quarter valued at approximately $40,000. Assetmark Inc. lifted its holdings in shares of Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company's stock valued at $46,000 after purchasing an additional 1,232 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Invitation Homes during the third quarter valued at $49,000. Huntington National Bank increased its holdings in Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company's stock worth $71,000 after buying an additional 699 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Invitation Homes in the 3rd quarter worth about $74,000. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on INVH shares. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Mizuho lowered their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada lowered their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.47.

Invitation Homes Price Performance

Shares of NYSE:INVH traded up $0.19 on Thursday, reaching $30.86. The company's stock had a trading volume of 1,520,374 shares, compared to its average volume of 3,118,670. The company has a market cap of $18.90 billion, a P/E ratio of 43.61, a PEG ratio of 4.51 and a beta of 1.04. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. 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 has a 50-day simple moving average of $32.24 and a 200 day simple moving average of $33.98.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a $0.29 dividend. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Thursday, December 26th. Invitation Homes's dividend payout ratio is 163.38%.

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.