National Bank of Canada FI Sells 877,897 Shares of Invitation Homes Inc. (NYSE:INVH)

National Bank of Canada FI cut its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 76.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,796 shares of the company's stock after selling 877,897 shares during the period. National Bank of Canada FI's holdings in Invitation Homes were worth $8,530,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in INVH. Captrust Financial Advisors lifted its stake in shares of Invitation Homes by 6.6% in the third quarter. Captrust Financial Advisors now owns 16,165 shares of the company's stock worth $570,000 after buying an additional 1,001 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares in the last quarter. Janus Henderson Group PLC grew its position in Invitation Homes by 7.7% in the third quarter. Janus Henderson Group PLC now owns 152,455 shares of the company's stock valued at $5,376,000 after acquiring an additional 10,900 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Invitation Homes by 51.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 95,072 shares of the company's stock worth $3,352,000 after purchasing an additional 32,357 shares in the last quarter. Finally, Investment Management Corp of Ontario raised its stake in shares of Invitation Homes by 49.4% in the third quarter. Investment Management Corp of Ontario now owns 20,270 shares of the company's stock valued at $715,000 after acquiring an additional 6,700 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

INVH stock traded down $0.99 during midday trading on Thursday, reaching $31.28. 532,091 shares of the company were exchanged, compared to its average volume of 3,320,604. The firm has a market capitalization of $19.17 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The business has a 50-day moving average price of $32.88 and a two-hundred day moving average price of $32.90. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

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 business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Thursday, March 27th. Invitation Homes's dividend payout ratio is 158.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays reissued an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods increased 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, March 5th. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Invitation Homes currently has a consensus rating of "Hold" and an average price target of $37.47.

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.