SG Americas Securities LLC Sells 151,456 Shares of Invitation Homes Inc. (NYSE:INVH)

SG Americas Securities LLC cut its position in shares of Invitation Homes Inc. (NYSE:INVH) by 91.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,349 shares of the company’s stock after selling 151,456 shares during the period. SG Americas Securities LLC’s holdings in Invitation Homes were worth $506,000 as of its most recent SEC filing.

Several 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 shares of Invitation Homes by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after acquiring an additional 36,951 shares during the last quarter. Illinois Municipal Retirement Fund lifted 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 valued at $6,174,000 after purchasing an additional 62,547 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Invitation Homes by 14.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after buying an additional 131,068 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Invitation Homes during the 1st quarter valued at about $2,635,000. Finally, Nomura Holdings Inc. purchased a new stake in Invitation Homes during the fourth quarter valued at approximately $3,482,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.8 %

Shares of Invitation Homes stock opened at $33.48 on Wednesday. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $37.80. The firm’s 50 day simple moving average is $35.56 and its two-hundred day simple moving average is $35.19. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 4.71 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last issued 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). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The firm had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s payout ratio is presently 128.74%.

Analyst Ratings Changes

Several brokerages have issued reports on INVH. Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $37.00 to $36.00 in a research report on Monday, September 9th. The Goldman Sachs Group began coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Scotiabank decreased their target price on 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. Mizuho dropped their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.