Amalgamated Bank Has $4.27 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Amalgamated Bank trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,928 shares of the company’s stock after selling 2,113 shares during the period. Amalgamated Bank’s holdings in Invitation Homes were worth $4,268,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new position in Invitation Homes during the 1st quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares during the period. Family Firm Inc. bought a new position in Invitation Homes in the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes in the second quarter worth about $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes during the 2nd quarter worth about $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Price Performance

Invitation Homes stock opened at $36.04 on Friday. The company has a 50 day moving average of $35.82 and a 200-day moving average of $35.23. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80. The stock 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.

Invitation Homes (NYSE:INVH) last released its earnings results 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). The firm had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on INVH. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Scotiabank lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Royal Bank of Canada downgraded Invitation Homes from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $37.00 to $36.00 in a research note on Monday, September 9th. The Goldman Sachs Group assumed coverage on Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.10.

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.