Hsbc Holdings PLC Sells 688,599 Shares of Invitation Homes Inc. (NYSE:INVH)

Hsbc Holdings PLC cut its holdings in Invitation Homes Inc. (NYSE:INVH) by 27.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,824,539 shares of the company’s stock after selling 688,599 shares during the period. Hsbc Holdings PLC owned about 0.30% of Invitation Homes worth $65,419,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in INVH. Quest Partners LLC purchased a new stake in Invitation Homes during the 4th quarter valued at $191,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Invitation Homes in the 4th quarter worth about $1,736,000. TCW Group Inc. boosted its stake in shares of Invitation Homes by 12.6% during the 4th quarter. TCW Group Inc. now owns 93,800 shares of the company’s stock worth $3,205,000 after purchasing an additional 10,531 shares during the period. Orion Portfolio Solutions LLC grew its holdings in Invitation Homes by 109.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 13,602 shares of the company’s stock valued at $466,000 after purchasing an additional 7,106 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Invitation Homes by 1.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 815,457 shares of the company’s stock valued at $27,815,000 after purchasing an additional 9,939 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

INVH opened at $36.04 on Friday. The firm has a market capitalization of $22.08 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50-day moving average is $35.80 and its two-hundred day moving average is $35.22. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The firm had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.11%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Analyst Ratings Changes

A number of research analysts have recently commented on INVH shares. Mizuho cut their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average price target of $39.10.

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.