APG Asset Management US Inc. Sells 255,000 Shares of Invitation Homes Inc. (NYSE:INVH)

APG Asset Management US Inc. trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,451,416 shares of the company’s stock after selling 255,000 shares during the period. Invitation Homes accounts for approximately 3.4% of APG Asset Management US Inc.’s investment portfolio, making the stock its 9th biggest position. APG Asset Management US Inc. owned approximately 2.69% of Invitation Homes worth $588,632,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its position in Invitation Homes by 5.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock worth $23,852,000 after purchasing an additional 36,951 shares during the period. Illinois Municipal Retirement Fund boosted its position in Invitation Homes by 56.4% during the first quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock worth $6,174,000 after purchasing an additional 62,547 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Invitation Homes by 14.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after purchasing an additional 131,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Invitation Homes during the first quarter worth $2,635,000. Finally, Nomura Holdings Inc. bought a new position in Invitation Homes during the fourth quarter worth $3,482,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on INVH shares. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Evercore ISI boosted their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Scotiabank reduced 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 research report on Tuesday, September 10th. Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their target price for the company from $39.00 to $37.00 in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Invitation Homes Stock Performance

Invitation Homes stock opened at $35.58 on Thursday. The business has a 50 day moving average of $35.83 and a 200-day moving average of $35.25. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $21.80 billion, a P/E ratio of 40.90, a P/E/G ratio of 4.56 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $654.70 million. On average, equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

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