Natixis Advisors LLC Sells 85,011 Shares of Invitation Homes Inc. (NYSE:INVH)

Natixis Advisors LLC lowered its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 40.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,004 shares of the company's stock after selling 85,011 shares during the quarter. Natixis Advisors LLC's holdings in Invitation Homes were worth $3,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Funds Management Pty Ltd lifted its holdings in shares of Invitation Homes by 1,700.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 25,200 shares of the company's stock valued at $806,000 after purchasing an additional 23,800 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Invitation Homes by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after purchasing an additional 412 shares during the last quarter. Vestcor Inc grew its holdings in Invitation Homes by 14.2% in the 4th quarter. Vestcor Inc now owns 172,031 shares of the company's stock valued at $5,500,000 after buying an additional 21,335 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Invitation Homes by 3,772.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,453 shares of the company's stock worth $142,000 after purchasing an additional 4,338 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of Invitation Homes by 10.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,450 shares of the company's stock valued at $238,000 after purchasing an additional 682 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

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Analyst Upgrades and Downgrades

INVH has been the topic of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group cut 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 report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $37.56.

Invitation Homes Stock Performance

NYSE INVH traded up $0.28 during trading on Wednesday, hitting $34.35. 1,999,130 shares of the company's stock traded hands, compared to its average volume of 3,059,681. 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 market capitalization of $21.04 billion, a price-to-earnings ratio of 48.37, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The business has a 50 day moving average of $32.31 and a 200-day moving average of $33.14.

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

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. Invitation Homes's dividend payout ratio is presently 158.90%.

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.