Commonwealth Equity Services LLC Sells 8,629 Shares of Invitation Homes Inc. (NYSE:INVH)

Commonwealth Equity Services LLC lessened its holdings in Invitation Homes Inc. (NYSE:INVH) by 49.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,792 shares of the company’s stock after selling 8,629 shares during the period. Commonwealth Equity Services LLC’s holdings in Invitation Homes were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Harbour Capital Advisors LLC grew its position in Invitation Homes by 2.3% during the first quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock worth $495,000 after buying an additional 315 shares in the last quarter. Appleton Partners Inc. MA increased its position in Invitation Homes by 0.9% during the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after buying an additional 365 shares in the last quarter. Wellington Management Group LLP boosted its stake in Invitation Homes by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after purchasing an additional 386 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Invitation Homes by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after buying an additional 409 shares during the last quarter. Finally, 1620 Investment Advisors Inc. raised its stake in shares of Invitation Homes by 2.3% in the second quarter. 1620 Investment Advisors Inc. now owns 18,339 shares of the company’s stock worth $658,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on INVH. Deutsche Bank Aktiengesellschaft upgraded 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 report on Wednesday, July 24th. UBS Group boosted their price objective 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 reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Barclays cut their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Finally, Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Invitation Homes Stock Up 1.3 %

Shares of Invitation Homes stock opened at $36.50 on Tuesday. The company has a market cap of $22.36 billion, a P/E ratio of 41.95, a P/E/G ratio of 4.50 and a beta of 1.01. 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 stock has a 50-day moving average price of $35.84 and a 200 day moving average price of $35.25. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $654.70 million. As a group, analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, September 26th. 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.