Aviva PLC Reduces Holdings in Invitation Homes Inc. (NYSE:INVH)

Aviva PLC lowered its holdings in Invitation Homes Inc. (NYSE:INVH) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,154 shares of the company’s stock after selling 410 shares during the quarter. Aviva PLC’s holdings in Invitation Homes were worth $740,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of INVH. Norges Bank purchased a new stake in Invitation Homes in the 4th quarter worth approximately $1,646,794,000. JPMorgan Chase & Co. lifted its holdings in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after buying an additional 4,661,213 shares during the period. Centersquare Investment Management LLC lifted its holdings in Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock worth $412,366,000 after buying an additional 3,870,432 shares during the period. American Century Companies Inc. lifted its holdings in Invitation Homes by 46.8% in the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock worth $39,737,000 after buying an additional 396,319 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Invitation Homes by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock worth $480,276,000 after buying an additional 365,954 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut 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 report on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays reissued an “overweight” rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Up 5.8 %

Invitation Homes stock opened at $32.31 on Thursday. The firm has a market cap of $19.80 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 4.70 and a beta of 0.86. The stock has a fifty day simple moving average of $32.88 and a two-hundred day simple moving average of $32.90. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. 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 (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

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.