Invitation Homes Inc. (NYSE:INVH) Stock Position Decreased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 47.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,677 shares of the company’s stock after selling 122,772 shares during the period. PNC Financial Services Group Inc.’s holdings in Invitation Homes were worth $4,696,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Wellington Management Group LLP grew its position in Invitation Homes by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after purchasing an additional 386 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Invitation Homes in the 4th quarter worth about $46,000. Goldman Sachs Group Inc. grew its position in Invitation Homes by 66.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. Okabena Investment Services Inc. bought a new position in Invitation Homes in the 4th quarter worth about $693,000. Finally, Gillson Capital LP bought a new position in Invitation Homes in the 4th quarter worth about $14,684,000. Institutional investors own 96.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Charles D. Young sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares in the company, valued at $970,591.44. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Invitation Homes Stock Up 0.6 %

INVH stock opened at $35.73 on Wednesday. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.53. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 2.17 and a beta of 0.99. The company has a 50 day moving average of $34.61 and a two-hundred day moving average of $34.20.

Invitation Homes (NYSE:INVH) last released its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The company had revenue of $646.04 million during the quarter, compared to analysts’ expectations of $630.97 million. On average, equities analysts anticipate that Invitation Homes Inc. will post 1.82 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.14%. Invitation Homes’s payout ratio is 128.74%.

Analyst Ratings Changes

Several research firms have recently issued reports on INVH. Scotiabank increased their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Evercore ISI reiterated an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $38.00 price objective on shares of Invitation Homes in a report on Monday. Raymond James increased their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Barclays cut their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.00.

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.