Invitation Homes Inc. (NYSE:INVH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Invitation Homes Inc. (NYSE:INVH) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,248 shares of the company’s stock after selling 1,905 shares during the period. Mutual of America Capital Management LLC’s holdings in Invitation Homes were worth $2,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes during the 4th quarter valued at $48,000. Brooklyn Investment Group acquired a new stake in shares of Invitation Homes during the 3rd quarter worth $49,000. Finally, Huntington National Bank raised its position in shares of Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after buying an additional 699 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Invitation Homes stock opened at $34.19 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $31.65 and a 200-day moving average of $33.41. The stock has a market cap of $20.94 billion, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. On average, analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a $0.29 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INVH. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays dropped their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.53.

Invitation Homes 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.