Invitation Homes Inc. (NYSE:INVH) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,090,586 shares of the company's stock after selling 103,640 shares during the period. Prudential Financial Inc. owned approximately 0.18% of Invitation Homes worth $34,866,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company's stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC grew its holdings in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company's stock valued at $663,373,000 after buying an additional 753,464 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after acquiring an additional 31,184 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Invitation Homes by 0.8% during the 4th 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 during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

INVH has been the subject of several recent analyst reports. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Barclays reiterated an "overweight" rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $37.47.

Invitation Homes Stock Up 0.9 %

Invitation Homes stock traded up $0.32 during mid-day trading on Friday, reaching $34.48. 2,924,119 shares of the company's stock were exchanged, compared to its average volume of 3,279,217. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a market cap of $21.12 billion, a P/E ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a fifty day moving average of $32.51 and a 200-day moving average of $33.12.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to analysts' expectations of $658.71 million. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 158.90%.

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.