California Public Employees Retirement System Has $31.09 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

California Public Employees Retirement System lessened its position in shares of Invitation Homes Inc. (NYSE:INVH) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 972,578 shares of the company’s stock after selling 76,066 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Invitation Homes worth $31,093,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Invitation Homes during the 4th quarter valued at about $1,646,794,000. JPMorgan Chase & Co. lifted 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 buying an additional 4,661,213 shares during the period. National Bank of Canada FI boosted its stake in Invitation Homes by 214.5% in 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 acquiring an additional 780,760 shares during the last quarter. American Century Companies Inc. grew its holdings in Invitation Homes by 46.8% during the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock worth $39,737,000 after acquiring an additional 396,319 shares during the period. Finally, State Street Corp raised its position in shares of Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after acquiring an additional 298,307 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes currently has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Price Performance

Shares of INVH opened at $34.71 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The stock has a market capitalization of $21.27 billion, a P/E ratio of 48.89, a P/E/G ratio of 4.70 and a beta of 0.86. The company has a 50 day moving average of $32.73 and a 200-day moving average of $33.09.

Invitation Homes (NYSE:INVH) last issued its quarterly 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. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. As a group, equities research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. Invitation Homes’s dividend payout ratio is 158.90%.

Invitation Homes Company 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.