USS Investment Management Ltd Trims Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

USS Investment Management Ltd lowered its holdings in Invitation Homes Inc. (NYSE:INVH) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 142,839 shares of the company’s stock after selling 44,377 shares during the period. USS Investment Management Ltd’s holdings in Invitation Homes were worth $4,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cohen & Steers Inc. boosted its holdings in Invitation Homes by 1.7% in the fourth quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company’s stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares during the last quarter. Norges Bank purchased a new position in Invitation Homes in the fourth quarter valued at about $1,646,794,000. Geode Capital Management LLC boosted its holdings in Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock valued at $480,276,000 after purchasing an additional 365,954 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 1.4%

Shares of NYSE INVH opened at $33.10 on Friday. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 46.62, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. 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. The stock’s 50 day simple moving average is $33.71 and its 200 day simple moving average is $32.91.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.50%. The ex-dividend date was Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 150.65%.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Invitation Homes from $39.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Raymond James increased their target price on Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Barclays increased their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. 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 report on Thursday, March 13th. Finally, Scotiabank increased their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and an average price target of $37.94.

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.