Sei Investments Co. Lowers Holdings in Invitation Homes Inc. (NYSE:INVH)

Sei Investments Co. reduced its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,955,674 shares of the company's stock after selling 291,867 shares during the quarter. Sei Investments Co. owned 0.48% of Invitation Homes worth $94,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock worth $194,621,000 after purchasing an additional 4,883,564 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 valued at $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock worth $414,264,000 after buying an additional 997,353 shares during the last quarter. National Bank of Canada FI lifted its position in Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock worth $40,362,000 after buying an additional 780,760 shares during the last quarter. Finally, FMR LLC boosted its stake in Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after buying an additional 753,464 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

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Invitation Homes Trading Down 0.5 %

INVH stock traded down $0.17 during trading on Thursday, reaching $34.20. The company had a trading volume of 2,453,436 shares, compared to its average volume of 3,064,725. 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 Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The business has a 50 day moving average of $32.45 and a 200 day moving average of $33.15. The company has a market cap of $20.95 billion, a P/E ratio of 48.17, a PEG ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 158.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on INVH shares. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.56.

About Invitation Homes

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.