Zurcher Kantonalbank Zurich Cantonalbank Sells 4,760 Shares of Invitation Homes Inc. (NYSE:INVH)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Invitation Homes Inc. (NYSE:INVH) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 306,466 shares of the company’s stock after selling 4,760 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Invitation Homes were worth $10,454,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Invitation Homes in the fourth quarter valued at $1,127,108,000. State Street Corp raised its stake in Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock valued at $1,168,062,000 after acquiring an additional 3,310,121 shares during the period. Vanguard Group Inc. raised its stake in Invitation Homes by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock valued at $3,481,574,000 after acquiring an additional 2,784,696 shares during the period. Morgan Stanley lifted its holdings in Invitation Homes by 19.5% during the third quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock valued at $285,017,000 after purchasing an additional 1,466,330 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Invitation Homes by 9.6% during the third quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after purchasing an additional 1,080,000 shares during the period. Institutional investors own 96.79% of the company’s stock.

Insider Transactions at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were 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 directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on INVH. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research report on Thursday, March 7th. Morgan Stanley lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 26th. Citigroup restated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. Mizuho lifted their price target on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Stock Up 0.5 %

Shares of NYSE INVH opened at $33.58 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $34.22 and a 200-day moving average of $33.35. The firm has a market capitalization of $20.56 billion, a price-to-earnings ratio of 39.97, a PEG ratio of 1.98 and a beta of 0.94. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The company had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

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.