Inspire Investing LLC Sells 14,249 Shares of Invitation Homes Inc. (NYSE:INVH)

Inspire Investing LLC cut its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 18.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,272 shares of the company’s stock after selling 14,249 shares during the quarter. Inspire Investing LLC’s holdings in Invitation Homes were worth $2,307,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in shares of Invitation Homes in the first quarter valued at $26,000. UMB Bank n.a. lifted 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 valued at $28,000 after buying an additional 641 shares in the last quarter. Family Firm Inc. bought a new position in shares of Invitation Homes in the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invitation Homes in the second quarter valued at $44,000. Finally, Headlands Technologies LLC bought a new position in shares of Invitation Homes in the second quarter valued at $45,000. 96.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Scotiabank dropped their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $39.10.

Invitation Homes Price Performance

INVH opened at $35.86 on Thursday. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 4.50 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $35.79 and a 200-day moving average price of $35.22. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). The business had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.12%. Invitation Homes’s dividend payout ratio is currently 128.74%.

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.