Invitation Homes Inc. (NYSE:INVH) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,972 shares of the company’s stock after selling 2,427 shares during the quarter. Corient Private Wealth LLC’s holdings in Invitation Homes were worth $670,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after acquiring an additional 2,344 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Invitation Homes in the 3rd quarter worth about $263,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after purchasing an additional 31,184 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Invitation Homes by 696.9% during the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after purchasing an additional 61,973 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Invitation Homes during the 4th quarter worth approximately $595,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 0.9 %

NYSE INVH opened at $34.48 on Friday. The company’s fifty day moving average price is $32.51 and its two-hundred day moving average price is $33.14. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.36%. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Barclays reaffirmed an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Hold” and a consensus price target of $37.47.

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.