Invitation Homes Inc. (NYSE:INVH) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,360 shares of the company’s stock after selling 1,941 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invitation Homes were worth $619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares during the last quarter. FMR LLC boosted its stake in Invitation Homes by 4.2% in 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. Charles Schwab Investment Management Inc. grew its position in Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after purchasing an additional 31,184 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Invitation Homes by 0.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock worth $178,942,000 after buying an additional 44,945 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.28 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The business’s 50 day moving average is $32.25 and its two-hundred day moving average is $33.15. The company has a market capitalization of $21.00 billion, a P/E ratio of 48.28, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 158.90%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on INVH. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.56.

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.