Invitation Homes Inc. (NYSE:INVH) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,812 shares of the company's stock after selling 8,664 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Invitation Homes worth $11,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INVH. Assetmark Inc. grew its holdings in Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of Invitation Homes during the 3rd quarter worth approximately $263,000. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 31,184 shares during the period. HighTower Advisors LLC grew its position in Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after acquiring an additional 61,973 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Invitation Homes in the fourth quarter worth $595,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 4.4 %

Shares of INVH stock traded down $1.50 during trading hours on Friday, reaching $32.49. 4,671,287 shares of the company's stock were exchanged, compared to its average volume of 3,303,011. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $19.91 billion, a PE ratio of 45.76, a PEG ratio of 4.70 and a beta of 0.86. The stock's fifty day moving average price is $32.84 and its two-hundred day moving average price is $33.06.

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Invitation Homes (NYSE:INVH - Get Free Report) last released its 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 company had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the topic of a number of research analyst reports. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $37.47.

Invitation Homes 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.