Invitation Homes Inc. (NYSE:INVH) Stock Holdings Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,600 shares of the company’s stock after selling 1,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Invitation Homes were worth $978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares in the last quarter. FMR LLC grew its position in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after purchasing an additional 248,701 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley cut shares of 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. Royal Bank of Canada lowered their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Barclays lowered their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Down 1.2 %

Invitation Homes stock opened at $31.44 on Tuesday. The firm has a market cap of $19.26 billion, a price-to-earnings ratio of 44.29, a P/E/G ratio of 4.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The firm has a fifty day moving average price of $31.59 and a two-hundred day moving average price of $33.61.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.69%. Invitation Homes’s payout ratio is currently 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.