Russell Investments Group Ltd. Has $99.86 Million Position in Invitation Homes Inc. (NYSE:INVH)

Russell Investments Group Ltd. reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 12.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,123,566 shares of the company's stock after selling 438,594 shares during the period. Russell Investments Group Ltd. owned approximately 0.51% of Invitation Homes worth $99,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Lindbrook Capital LLC lifted its holdings in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after buying an additional 378 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes in the 4th quarter worth $48,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Up 0.4 %

INVH stock traded up $0.12 during trading on Friday, reaching $31.76. 807,929 shares of the stock traded hands, compared to its average volume of 3,323,359. The business's 50 day moving average price is $32.89 and its 200-day moving average price is $32.87. The firm has a market capitalization of $19.46 billion, a PE ratio of 44.72, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, sell-side analysts forecast 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. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. Invitation Homes's dividend payout ratio is currently 158.90%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and decreased their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Barclays restated an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Morgan Stanley downgraded shares of 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 research report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $37.38.

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.