NBC Securities Inc. Sells 344 Shares of Invitation Homes Inc. (NYSE:INVH)

NBC Securities Inc. decreased its position in Invitation Homes Inc. (NYSE:INVH) by 13.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,268 shares of the company’s stock after selling 344 shares during the quarter. NBC Securities Inc.’s holdings in Invitation Homes were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. Wellington Management Group LLP lifted its stake in Invitation Homes by 0.9% in the fourth 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 during the last quarter. GAMMA Investing LLC boosted its holdings in Invitation Homes by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 2,894 shares of the company’s stock valued at $103,000 after acquiring an additional 494 shares during the period. Mather Group LLC. bought a new position in Invitation Homes during the 1st quarter worth approximately $75,000. Harbour Capital Advisors LLC increased its stake in Invitation Homes by 2.3% in the 1st quarter. Harbour Capital Advisors LLC now owns 14,240 shares of the company’s stock worth $495,000 after purchasing an additional 315 shares during the period. Finally, New England Research & Management Inc. lifted its position in Invitation Homes by 1.7% in the first quarter. New England Research & Management Inc. now owns 36,694 shares of the company’s stock valued at $1,307,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on INVH shares. Royal Bank of Canada cut shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. UBS Group raised their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Mizuho reduced their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Scotiabank cut their price objective on 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. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Invitation Homes Price Performance

INVH opened at $34.13 on Monday. The firm has a market cap of $20.91 billion, a PE ratio of 39.23, a P/E/G ratio of 4.71 and a beta of 1.01. The stock has a 50-day moving average price of $35.44 and a 200-day moving average price of $35.16. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes (NYSE:INVH) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $654.70 million. Sell-side analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.28%. Invitation Homes’s dividend payout ratio is 128.74%.

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.