Public Employees Retirement Association of Colorado Sells 359 Shares of Invitation Homes Inc. (NYSE:INVH)

Public Employees Retirement Association of Colorado trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,459 shares of the company’s stock after selling 359 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Invitation Homes were worth $2,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canada Pension Plan Investment Board lifted its holdings in Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after purchasing an additional 3,351,424 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invitation Homes by 66.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after acquiring an additional 2,169,522 shares during the period. First Financial Bankshares Inc acquired a new position in shares of Invitation Homes in the fourth quarter valued at about $45,104,000. Cohen & Steers Inc. increased its position in Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after acquiring an additional 1,008,392 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Invitation Homes by 109.3% during the first quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after acquiring an additional 595,988 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased 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 report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Scotiabank dropped their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Evercore ISI increased their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, UBS Group raised their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.10.

Invitation Homes Stock Up 1.3 %

Shares of INVH opened at $36.50 on Tuesday. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 4.50 and a beta of 1.01. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a fifty day moving average of $35.84 and a 200-day moving average of $35.25.

Invitation Homes (NYSE:INVH) last announced its quarterly 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 firm had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently declared 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 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%.

About Invitation Homes

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.