Victory Capital Management Inc. Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

Victory Capital Management Inc. trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,052 shares of the company's stock after selling 210,849 shares during the quarter. Victory Capital Management Inc.'s holdings in Invitation Homes were worth $7,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC purchased a new stake in Invitation Homes during the 3rd quarter valued at about $263,000. Charles Schwab Investment Management Inc. grew its stake in Invitation Homes by 0.5% during 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 during the last quarter. Swedbank AB grew its stake in Invitation Homes by 25.1% during the 3rd 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 last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invitation Homes during the 3rd quarter valued at about $3,825,000. Finally, HighTower Advisors LLC grew its stake in Invitation Homes by 696.9% during the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

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Invitation Homes Price Performance

NYSE INVH traded up $0.20 during trading hours on Tuesday, reaching $34.01. The company's stock had a trading volume of 3,400,911 shares, compared to its average volume of 3,069,729. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of 47.90, a P/E/G 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. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company's 50-day moving average is $31.86 and its two-hundred day moving average is $33.28.

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

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.41%. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Analysts Set New Price Targets

INVH has been the topic of several research analyst reports. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reissued a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Finally, Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $37.65.

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.