DekaBank Deutsche Girozentrale Sells 15,334 Shares of Invitation Homes Inc. (NYSE:INVH)

DekaBank Deutsche Girozentrale lowered its stake in Invitation Homes Inc. (NYSE:INVH) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456,714 shares of the company’s stock after selling 15,334 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Invitation Homes were worth $15,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Coppell Advisory Solutions Corp. bought a new position in shares of Invitation Homes in the fourth quarter valued at approximately $27,000. Coppell Advisory Solutions LLC bought a new position in Invitation Homes in the 2nd quarter valued at $31,000. Clear Street Markets LLC boosted its holdings in Invitation Homes by 117.4% in the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock valued at $32,000 after purchasing an additional 588 shares during the period. NBC Securities Inc. bought a new position in Invitation Homes in the 3rd quarter valued at $86,000. Finally, Covestor Ltd boosted its stake in Invitation Homes by 848.0% during the first quarter. Covestor Ltd now owns 2,351 shares of the company’s stock valued at $94,000 after buying an additional 2,103 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of NYSE:INVH opened at $35.34 on Tuesday. The company has a 50-day moving average price of $34.02 and a 200-day moving average price of $33.24. The company has a market cap of $21.65 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. As a group, equities analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.17%. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

Insider Transactions at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INVH. Oppenheimer lifted their price objective on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Morgan Stanley dropped their target price on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, December 26th. Raymond James boosted their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Citigroup restated a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a report on Friday, March 22nd. Finally, JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.19.

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.