Federated Hermes Inc. Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Federated Hermes Inc. trimmed its holdings in Invitation Homes Inc. (NYSE:INVH) by 42.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,057 shares of the company’s stock after selling 7,462 shares during the quarter. Federated Hermes Inc.’s holdings in Invitation Homes were worth $361,000 as of its most recent SEC filing.

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

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $36.50 on Tuesday. 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 52 week low of $28.49 and a 52 week high of $37.80. The firm’s 50 day moving average is $35.84 and its two-hundred day moving average is $35.25. The firm has a market capitalization of $22.36 billion, a P/E ratio of 41.95, a P/E/G ratio of 4.50 and a beta of 1.01.

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

Invitation Homes Dividend Announcement

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. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.07%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INVH. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their target price for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, Keefe, Bruyette & Woods cut their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a report on Tuesday, July 30th. Seven 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.com, the company presently has a consensus 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.