Invitation Homes Inc. (NYSE:INVH) Stock Position Trimmed by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 69.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,805 shares of the company's stock after selling 258,803 shares during the quarter. Thrivent Financial for Lutherans' holdings in Invitation Homes were worth $3,639,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of INVH. Assetmark Inc. increased its position in shares of Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after acquiring an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Invitation Homes during the 3rd quarter worth $263,000. Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $210,952,000 after purchasing an additional 31,184 shares in the last quarter. Swedbank AB raised its position in Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company's stock valued at $20,269,000 after purchasing an additional 115,211 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock worth $2,508,000 after purchasing an additional 61,973 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 Stock Up 0.9 %

Invitation Homes stock traded up $0.32 during midday trading on Friday, hitting $34.48. The stock had a trading volume of 2,924,119 shares, compared to its average volume of 3,279,217. The business has a fifty day moving average price of $32.51 and a 200 day moving average price of $33.12. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The stock 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 current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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 for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $658.71 million. Research analysts predict that Invitation Homes Inc. will post 1.83 EPS 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 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 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 issued reports on the company. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Barclays reaffirmed an "overweight" rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their price target for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $37.47.

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.