Ethic Inc. Decreases Holdings in Invitation Homes Inc. (NYSE:INVH)

Ethic Inc. reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,068 shares of the company’s stock after selling 9,826 shares during the quarter. Ethic Inc.’s holdings in Invitation Homes were worth $1,153,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Lindbrook Capital LLC lifted its position in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after acquiring an additional 329 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes in the 4th quarter valued at about $48,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. The Goldman Sachs Group increased their price objective on Invitation Homes from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Barclays increased their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Finally, Raymond James raised their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $37.94.

Invitation Homes Stock Down 2.3%

Shares of NYSE:INVH opened at $33.71 on Wednesday. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $33.68 and its 200-day simple moving average is $32.84. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 47.48, a PEG ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. Invitation Homes’s dividend payout ratio is currently 150.65%.

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.