Invitation Homes Inc. (NYSE:INVH) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 11.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 227,480 shares of the company's stock after selling 28,445 shares during the quarter. Ensign Peak Advisors Inc's holdings in Invitation Homes were worth $8,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its stake in shares of Invitation Homes by 1.3% in the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company's stock worth $2,746,208,000 after purchasing an additional 1,008,392 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock worth $567,597,000 after purchasing an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock worth $315,671,000 after purchasing an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock worth $292,485,000 after purchasing an additional 384,564 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Invitation Homes by 66.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company's stock worth $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 0.1 %

Invitation Homes stock traded up $0.03 during trading on Wednesday, reaching $35.58. 4,996,619 shares of the company were exchanged, compared to its average volume of 3,343,844. Invitation Homes Inc. has a 52-week low of $28.49 and a 52-week high of $37.80. The company has a market capitalization of $21.80 billion, a P/E ratio of 41.25, a PEG ratio of 4.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The stock's 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $35.25.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $653.45 million during the quarter, compared to analysts' expectations of $654.70 million. On average, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.15%. Invitation Homes's dividend payout ratio is currently 128.74%.

Analyst Ratings Changes

Several brokerages recently weighed in on INVH. Barclays reduced their price target on Invitation Homes from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating for the company in a research report on Tuesday, July 30th. Royal Bank of Canada cut Invitation Homes from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $37.00 to $36.00 in a research report on Monday, September 9th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 price target for the company. Finally, Evercore ISI lifted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $39.00.

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.