TCW Group Inc. Decreases Stake in Invitation Homes Inc. (NYSE:INVH)

TCW Group Inc. lowered its position in Invitation Homes Inc. (NYSE:INVH) by 12.4% in the fourth quarter, Holdings Channel reports. The fund owned 36,171 shares of the company’s stock after selling 5,112 shares during the period. TCW Group Inc.’s holdings in Invitation Homes were worth $1,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Square LLC raised its holdings in Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock worth $837,000 after purchasing an additional 308 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in Invitation Homes by 2.2% during the third quarter. 1620 Investment Advisors Inc. now owns 18,734 shares of the company’s stock worth $661,000 after purchasing an additional 395 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after purchasing an additional 408 shares in the last quarter. Carnegie Lake Advisors LLC raised its holdings in Invitation Homes by 1.5% during the fourth quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company’s stock worth $1,118,000 after purchasing an additional 500 shares in the last quarter. Finally, Creative Planning raised its holdings in Invitation Homes by 2.4% during the third quarter. Creative Planning now owns 26,129 shares of the company’s stock worth $921,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH opened at $31.78 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $19.47 billion, a P/E ratio of 44.75, a P/E/G ratio of 4.70 and a beta of 1.04. The company’s fifty day moving average is $31.46 and its two-hundred day moving average is $33.49. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is currently 163.38%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price objective 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. Keefe, Bruyette & Woods cut their price objective 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. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and a consensus target price of $37.47.

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.