Oppenheimer Asset Management Inc. Decreases Stake in Invitation Homes Inc. (NYSE:INVH)

Oppenheimer Asset Management Inc. cut its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,046 shares of the company's stock after selling 11,720 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Invitation Homes were worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Invitation Homes by 11.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,571 shares of the company's stock valued at $232,000 after purchasing an additional 675 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invitation Homes by 6.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,885 shares of the company's stock worth $454,000 after purchasing an additional 752 shares during the period. First Trust Direct Indexing L.P. boosted its position in Invitation Homes by 15.7% in the third quarter. First Trust Direct Indexing L.P. now owns 10,680 shares of the company's stock valued at $377,000 after buying an additional 1,450 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Invitation Homes by 7.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 18,928 shares of the company's stock worth $667,000 after buying an additional 1,235 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Invitation Homes by 8.7% in the 3rd quarter. Van ECK Associates Corp now owns 250,818 shares of the company's stock worth $8,706,000 after buying an additional 20,104 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

NYSE:INVH opened at $34.40 on Tuesday. 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 stock has a market capitalization of $21.07 billion, a PE ratio of 48.45, a P/E/G ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a fifty day moving average of $31.52 and a two-hundred day moving average of $33.42.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. As a group, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.37%. Invitation Homes's payout ratio is currently 158.90%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped 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. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities reiterated a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays lowered their target price on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $37.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.