Natixis Reduces Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Natixis reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 68.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,091 shares of the company's stock after selling 104,786 shares during the period. Natixis' holdings in Invitation Homes were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in INVH. Assetmark Inc. raised its position in shares of Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after buying an additional 31,184 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Invitation Homes during the fourth quarter valued at $595,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Invitation Homes by 0.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock valued at $178,942,000 after acquiring an additional 44,945 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Invitation Homes in the 4th quarter worth $867,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of research reports. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Raymond James reduced their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Finally, Barclays reaffirmed an "overweight" rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Stock Up 2.0 %

INVH stock opened at $34.07 on Wednesday. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $33.10 and a 200-day simple moving average of $32.77. The stock has a market capitalization of $20.88 billion, a P/E ratio of 47.99, a P/E/G ratio of 4.70 and a beta of 0.86.

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

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Invitation Homes's payout ratio is currently 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.

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