Invitation Homes Inc. (NYSE:INVH) Shares Sold by Swiss National Bank

Swiss National Bank cut its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,644,016 shares of the company's stock after selling 173,800 shares during the quarter. Swiss National Bank owned approximately 0.27% of Invitation Homes worth $52,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Capital Square LLC lifted its stake in Invitation Homes by 1.3% in the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company's stock worth $837,000 after purchasing an additional 308 shares in the last quarter. Lindbrook Capital LLC lifted its stake 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 purchasing an additional 329 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 purchasing an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after purchasing an additional 408 shares in the last quarter. Finally, Carnegie Lake Advisors LLC lifted its stake in Invitation Homes by 1.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company's stock worth $1,118,000 after purchasing an additional 500 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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Invitation Homes Stock Performance

Shares of Invitation Homes stock traded down $0.20 on Wednesday, reaching $33.84. 2,326,510 shares of the stock were exchanged, compared to its average volume of 3,025,683. 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 business has a fifty day moving average price of $31.97 and a two-hundred day moving average price of $33.24. The firm has a market capitalization of $20.73 billion, a PE ratio of 47.66, a PEG ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.43%. Invitation Homes's dividend payout ratio (DPR) is 158.90%.

Analyst Ratings Changes

Several analysts have recently commented on INVH shares. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Barclays reaffirmed an "overweight" rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has an average rating of "Hold" and an average target price of $37.65.

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.