NFJ Investment Group LLC Has $24.48 Million Position in Invitation Homes Inc. (NYSE:INVH)

NFJ Investment Group LLC trimmed its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 765,725 shares of the company's stock after selling 8,197 shares during the quarter. NFJ Investment Group LLC owned about 0.12% of Invitation Homes worth $24,480,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Assetmark Inc. grew its stake in shares of Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after buying an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Invitation Homes in the third quarter valued at $263,000. Charles Schwab Investment Management Inc. grew its holdings in Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after purchasing an additional 31,184 shares in the last quarter. OFI Invest Asset Management acquired a new position in Invitation Homes in the 4th quarter worth $595,000. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Invitation Homes by 0.8% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of NYSE INVH traded down $0.47 during mid-day trading on Monday, reaching $33.15. The company had a trading volume of 329,195 shares, compared to its average volume of 3,352,814. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The stock has a market cap of $20.32 billion, a PE ratio of 46.69, a P/E/G ratio of 4.70 and a beta of 0.86. The company has a 50-day moving average price of $33.06 and a two-hundred day moving average price of $32.78.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its earnings results 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 analysts' expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods lifted 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. Raymond James decreased their price target 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. 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and an average price target of $37.38.

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.