New York Life Investment Management LLC Sells 71,410 Shares of Invitation Homes Inc. (NYSE:INVH)

New York Life Investment Management LLC lessened its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,679 shares of the company's stock after selling 71,410 shares during the period. New York Life Investment Management LLC's holdings in Invitation Homes were worth $2,707,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INVH. Assetmark Inc. boosted its stake in 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 buying an additional 1,232 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Invitation Homes during the third quarter valued at $49,000. Allworth Financial LP raised its position in Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes in the fourth quarter valued at about $48,000. Finally, Huntington National Bank increased its position 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 during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.36 on Tuesday, reaching $34.02. The company had a trading volume of 849,723 shares, compared to its average volume of 2,913,023. The stock has a market capitalization of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. 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 business's 50-day moving average is $31.56 and its 200 day moving average is $33.41. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80.

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%. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Analyst Upgrades and Downgrades

INVH has been the subject of several research reports. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays lowered their price target on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.