Invitation Homes Inc. (NYSE:INVH) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,480 shares of the company’s stock after selling 28,445 shares during the period. Ensign Peak Advisors Inc’s holdings in Invitation Homes were worth $8,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of Invitation Homes during the first quarter worth approximately $26,000. UMB Bank n.a. grew its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Invitation Homes during the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes during the second quarter valued at about $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes in the second quarter worth about $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

INVH opened at $35.55 on Wednesday. The firm has a market capitalization of $21.78 billion, a P/E ratio of 40.86, a PEG ratio of 4.50 and a beta of 1.01. The stock has a fifty day moving average of $35.83 and a 200-day moving average of $35.25. 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 12-month low of $28.49 and a 12-month high of $37.80.

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

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.15%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Analyst Upgrades and Downgrades

INVH has been the topic of several research analyst reports. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Keefe, Bruyette & Woods dropped their target price 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. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Evercore ISI lifted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, UBS Group upped their price objective on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.