Victory Capital Management Inc. Has $38.69 Million Position in Invitation Homes Inc. (NYSE:INVH)

Victory Capital Management Inc. cut its position in Invitation Homes Inc. (NYSE:INVH) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,134,259 shares of the company’s stock after selling 33,778 shares during the period. Victory Capital Management Inc. owned about 0.19% of Invitation Homes worth $38,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVH. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after buying an additional 1,061 shares in the last quarter. GAMMA Investing LLC acquired a new position in Invitation Homes in the 4th quarter worth $79,000. NBC Securities Inc. acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at about $86,000. Sentry Investment Management LLC acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at about $106,000. Finally, Ninepoint Partners LP bought a new stake in shares of Invitation Homes in the fourth quarter valued at about $109,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Price Performance

NYSE:INVH opened at $34.81 on Tuesday. The firm’s fifty day moving average price is $34.55 and its two-hundred day moving average price is $33.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $21.32 billion, a P/E ratio of 40.01, a P/E/G ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53.

Invitation Homes (NYSE:INVH) last announced 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 company had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. Equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.22%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho lifted their target price on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 target price on shares of Invitation Homes in a report on Thursday, February 15th. BNP Paribas started coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price for the company. Raymond James boosted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes presently 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.