Quantbot Technologies LP reduced its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 70.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,905 shares of the company's stock after selling 23,254 shares during the quarter. Quantbot Technologies LP's holdings in Invitation Homes were worth $317,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of INVH. Cerity Partners LLC lifted its position in shares of Invitation Homes by 43.6% in the 3rd quarter. Cerity Partners LLC now owns 22,029 shares of the company's stock worth $777,000 after buying an additional 6,685 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Invitation Homes in the 3rd quarter worth approximately $107,000. Bank of Montreal Can grew its stake in Invitation Homes by 5.4% during the 3rd quarter. Bank of Montreal Can now owns 574,117 shares of the company's stock worth $20,094,000 after buying an additional 29,260 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Invitation Homes by 1.5% in the third quarter. The Manufacturers Life Insurance Company now owns 401,160 shares of the company's stock worth $14,145,000 after buying an additional 6,031 shares during the period. Finally, FMR LLC lifted its position 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 purchasing an additional 753,464 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.
Analyst Upgrades and Downgrades
INVH has been the topic of several analyst reports. Barclays restated an "overweight" rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Invitation Homes currently has a consensus rating of "Hold" and a consensus price target of $37.47.
Check Out Our Latest Research Report on INVH
Invitation Homes Trading Up 0.5 %
Shares of NYSE:INVH traded up $0.16 during midday trading on Wednesday, reaching $34.71. The company had a trading volume of 3,360,283 shares, compared to its average volume of 3,288,675. The company has a fifty day simple moving average of $32.73 and a two-hundred day simple moving average of $33.09. 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 firm has a market cap of $21.27 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.
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. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.
Invitation Homes Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is currently 158.90%.
About Invitation Homes
(
Free Report)
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.
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