State of Alaska Department of Revenue Trims Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

State of Alaska Department of Revenue reduced its position in Invitation Homes Inc. (NYSE:INVH) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,583 shares of the company’s stock after selling 16,539 shares during the quarter. State of Alaska Department of Revenue owned about 0.07% of Invitation Homes worth $14,547,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Creekmur Asset Management LLC acquired a new stake in Invitation Homes during the 4th quarter worth approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after buying an additional 1,061 shares during the period. Mather Group LLC. purchased a new position in Invitation Homes during the 1st quarter worth $75,000. GAMMA Investing LLC purchased a new position in Invitation Homes during the 4th quarter worth $79,000. Finally, Ninepoint Partners LP acquired a new stake in shares of Invitation Homes in the 4th quarter worth $109,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INVH has been the topic of several recent analyst reports. Citigroup reiterated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. Mizuho cut their price objective on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $38.00 target price on shares of Invitation Homes in a report on Monday, June 17th. Barclays lowered their price target on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and an average price target of $38.00.

Invitation Homes Stock Down 0.1 %

INVH opened at $36.00 on Thursday. 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 firm has a market cap of $22.05 billion, a P/E ratio of 41.38, a PEG ratio of 2.20 and a beta of 0.99. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The business’s fifty day simple moving average is $35.01 and its 200 day simple moving average is $34.34.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million for the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. As a group, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Thursday, June 27th. Invitation Homes’s payout ratio is 128.74%.

Insiders Place Their Bets

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

Invitation Homes 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.