APG Asset Management US Inc. Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

APG Asset Management US Inc. lowered its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,451,416 shares of the company's stock after selling 255,000 shares during the quarter. Invitation Homes comprises about 3.4% of APG Asset Management US Inc.'s portfolio, making the stock its 9th biggest holding. APG Asset Management US Inc. owned 2.69% of Invitation Homes worth $588,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. Cohen & Steers Inc. raised its position in 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 acquiring an additional 1,008,392 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Invitation Homes by 0.8% in the 2nd 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock valued at $315,671,000 after purchasing an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock worth $292,485,000 after buying an additional 384,564 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in 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 buying an additional 2,169,522 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Down 1.6 %

Shares of INVH traded down $0.57 during mid-day trading on Thursday, hitting $35.01. 3,744,031 shares of the company's stock were exchanged, compared to its average volume of 3,345,996. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The firm has a fifty day moving average of $35.83 and a two-hundred day moving average of $35.25. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 40.24, a P/E/G ratio of 4.56 and a beta of 1.01.

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

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes's dividend payout ratio is 128.74%.

Analyst Ratings Changes

INVH has been the subject of a number of recent research reports. Evercore ISI increased their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Scotiabank cut their price objective on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 10th. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and raised their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

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.