SG Americas Securities LLC Cuts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

SG Americas Securities LLC lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,244 shares of the company’s stock after selling 1,105 shares during the quarter. SG Americas Securities LLC’s holdings in Invitation Homes were worth $423,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Paladin Wealth LLC acquired a new stake in Invitation Homes in the third quarter valued at $40,000. Assetmark Inc. raised its stake in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Invitation Homes during the third quarter worth about $49,000. Huntington National Bank grew its stake in Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after purchasing an additional 699 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Invitation Homes in the third quarter valued at about $74,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on INVH. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Finally, Barclays dropped their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Trading Up 0.5 %

INVH stock opened at $31.14 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 4.48 and a beta of 1.04. The business has a fifty day moving average price of $32.13 and a 200 day moving average price of $33.90. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.73%. Invitation Homes’s dividend payout ratio is 163.38%.

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.