Amalgamated Bank Cuts Stake in Invitation Homes Inc. (NYSE:INVH)

Amalgamated Bank lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,985 shares of the company’s stock after selling 2,248 shares during the quarter. Amalgamated Bank’s holdings in Invitation Homes were worth $3,580,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the period. Assetmark Inc. lifted its stake in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. bought a new position in Invitation Homes during the fourth quarter valued at $48,000. Brooklyn Investment Group purchased a new stake in Invitation Homes in the third quarter worth $49,000. Finally, Huntington National Bank raised its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after buying an additional 699 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH opened at $34.02 on Friday. 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 has a 50-day moving average price of $31.48 and a 200-day moving average price of $33.45. The company has a market cap of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INVH. JMP Securities reissued a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada lowered their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Barclays cut their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.47.

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.