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

New York State Teachers Retirement System trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 461,900 shares of the company's stock after selling 27,437 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Invitation Homes worth $14,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Invitation Homes in the 2nd quarter worth $200,000. CWM LLC grew its stake in shares of Invitation Homes by 5.1% during the third quarter. CWM LLC now owns 7,285 shares of the company's stock worth $257,000 after acquiring an additional 351 shares during the last quarter. Creative Planning increased its holdings in shares of Invitation Homes by 2.4% during the third quarter. Creative Planning now owns 26,129 shares of the company's stock valued at $921,000 after acquiring an additional 600 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Invitation Homes by 14.8% during the third quarter. V Square Quantitative Management LLC now owns 8,436 shares of the company's stock valued at $297,000 after acquiring an additional 1,085 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Invitation Homes by 299.1% in the 3rd quarter. Blue Trust Inc. now owns 6,182 shares of the company's stock valued at $222,000 after purchasing an additional 4,633 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on INVH. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Royal Bank of Canada dropped their price target on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. 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. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Barclays cut their price target on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.47.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.35 during mid-day trading on Friday, hitting $31.90. 3,260,581 shares of the stock were exchanged, compared to its average volume of 2,772,426. Invitation Homes Inc. has a 52-week low of $30.13 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 company has a market cap of $19.54 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 4.63 and a beta of 1.04. The firm has a fifty day moving average of $31.48 and a 200 day moving average of $33.54.

Invitation Homes Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio is currently 163.38%.

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.