Sei Investments Co. Has $146.01 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Sei Investments Co. reduced its holdings in Invitation Homes Inc. (NYSE:INVH) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,068,287 shares of the company’s stock after selling 54,319 shares during the period. Sei Investments Co. owned approximately 0.66% of Invitation Homes worth $146,011,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quest Partners LLC acquired a new position in Invitation Homes during the 4th quarter valued at $191,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Invitation Homes in the fourth quarter valued at about $1,736,000. TCW Group Inc. grew its position in Invitation Homes by 12.6% during the fourth quarter. TCW Group Inc. now owns 93,800 shares of the company’s stock worth $3,205,000 after buying an additional 10,531 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in Invitation Homes by 109.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 13,602 shares of the company’s stock valued at $466,000 after acquiring an additional 7,106 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Invitation Homes by 1.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 815,457 shares of the company’s stock valued at $27,815,000 after acquiring an additional 9,939 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Invitation Homes stock opened at $36.04 on Friday. The stock has a 50-day simple moving average of $35.82 and a 200 day simple moving average of $35.23. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 41.43, a P/E/G 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. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $37.80.

Invitation Homes (NYSE:INVH) last announced 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). The company had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.11%. Invitation Homes’s dividend payout ratio (DPR) is currently 128.74%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. UBS Group raised their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Royal Bank of Canada cut shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $37.00 to $36.00 in a research note on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

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.