Keybank National Association OH Sells 620,913 Shares of Invitation Homes Inc. (NYSE:INVH)

Keybank National Association OH reduced its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 67.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 306,185 shares of the company's stock after selling 620,913 shares during the period. Keybank National Association OH's holdings in Invitation Homes were worth $9,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock valued at $1,270,062,000 after buying an additional 298,307 shares during the period. FMR LLC boosted its stake in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock valued at $663,373,000 after buying an additional 753,464 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after buying an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after buying an additional 31,184 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock valued at $221,709,000 after buying an additional 1,089,281 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. JMP Securities restated a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Eleven research 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 $37.53.

Invitation Homes Stock Up 0.6 %

Shares of INVH opened at $34.09 on Thursday. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The stock has a market capitalization of $20.88 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. 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 stock has a fifty day moving average of $31.59 and a 200-day moving average of $33.41.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The company had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes's dividend payout ratio is presently 158.90%.

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.

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