Hartford Investment Management Co. Has $1.32 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Hartford Investment Management Co. trimmed its position in Invitation Homes Inc. (NYSE:INVH) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,730 shares of the company’s stock after selling 403 shares during the quarter. Hartford Investment Management Co.’s holdings in Invitation Homes were worth $1,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Portfolios Group Inc. increased its position in shares of Invitation Homes by 2.8% in the first quarter. Harvest Portfolios Group Inc. now owns 12,303 shares of the company’s stock worth $384,000 after purchasing an additional 334 shares during the period. Baird Financial Group Inc. increased its position in shares of Invitation Homes by 2.5% in the third quarter. Baird Financial Group Inc. now owns 14,330 shares of the company’s stock worth $484,000 after purchasing an additional 345 shares during the period. Artemis Wealth Advisors LLC increased its position in shares of Invitation Homes by 8.4% in the second quarter. Artemis Wealth Advisors LLC now owns 4,441 shares of the company’s stock worth $153,000 after purchasing an additional 346 shares during the period. DnB Asset Management AS increased its position in shares of Invitation Homes by 0.4% in the third quarter. DnB Asset Management AS now owns 86,932 shares of the company’s stock worth $2,755,000 after purchasing an additional 360 shares during the period. Finally, Alps Advisors Inc. increased its position in shares of Invitation Homes by 2.2% in the third quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock worth $555,000 after purchasing an additional 372 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on INVH shares. Oppenheimer raised their price target on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. BNP Paribas initiated coverage on Invitation Homes in a research note on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price objective on the stock. Mizuho raised their price objective on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.19.

Invitation Homes Price Performance

Shares of INVH opened at $34.77 on Friday. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94. The business has a 50-day moving average of $33.98 and a 200-day moving average of $33.23.

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

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. Invitation Homes’s dividend payout ratio (DPR) is 133.33%.

Insider Transactions at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by corporate insiders.

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.