Invitation Homes Inc. (NYSE:INVH) Holdings Reduced by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 27.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,490 shares of the company’s stock after selling 935 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Invitation Homes were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its stake in shares of Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock valued at $1,775,000 after acquiring an additional 310 shares during the period. Harbour Capital Advisors LLC increased its position in shares of Invitation Homes by 2.3% during the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock valued at $495,000 after purchasing an additional 315 shares during the period. Appleton Partners Inc. MA raised its stake in shares of Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after buying an additional 365 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Invitation Homes by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock valued at $1,444,000 after buying an additional 386 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in Invitation Homes by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after buying an additional 409 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on INVH. UBS Group upped their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and increased their target price for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday. Scotiabank cut their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Finally, Evercore ISI lifted their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus target price of $39.10.

Invitation Homes Stock Up 0.5 %

INVH opened at $36.04 on Friday. The company 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. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $37.80. The business has a 50-day moving average of $35.80 and a 200-day moving average of $35.22.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The business had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.11%. Invitation Homes’s payout ratio is currently 128.74%.

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.