Invitation Homes Inc. (NYSE:INVH) Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 93,477,689 shares of the company’s stock after selling 1,376,685 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of Invitation Homes worth $2,988,482,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after acquiring an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares during the period. National Bank of Canada FI grew its position in Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares in the last quarter. FMR LLC increased its stake in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Invitation Homes by 144.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock worth $36,225,000 after buying an additional 607,163 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INVH has been the topic of several research analyst reports. Barclays restated an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods increased their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.56.

Invitation Homes Stock Performance

Shares of NYSE INVH opened at $34.09 on Wednesday. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.89 billion, a P/E ratio of 48.01, a P/E/G ratio of 4.70 and a beta of 1.03. The business’s 50 day moving average is $32.25 and its two-hundred day moving average is $33.15.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.40%. Invitation Homes’s dividend payout ratio is 158.90%.

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.