Invitation Homes Inc. (NYSE:INVH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 330,016 shares of the company's stock after selling 16,600 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of Invitation Homes worth $10,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its position in shares of Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock worth $1,270,062,000 after buying an additional 298,307 shares during the period. FMR LLC increased its stake in Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after purchasing an additional 753,464 shares during the period. Daiwa Securities Group Inc. increased its stake in Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock worth $414,264,000 after purchasing an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Invitation Homes by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company's stock worth $231,562,000 after purchasing an additional 248,701 shares in the last quarter. 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 purchasing an additional 1,089,281 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of a number of research reports. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Royal Bank of Canada decreased their target price on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of "Hold" and a consensus target price of $37.47.

Invitation Homes Stock Performance

Invitation Homes stock traded up $0.70 during mid-day trading on Friday, reaching $34.02. 6,897,411 shares of the company were exchanged, compared to its average volume of 2,957,627. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. 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 firm's 50-day simple moving average is $31.48 and its two-hundred day simple moving average is $33.45. The firm has a market cap of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $658.71 million. Equities analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

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

Invitation Homes Company 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.