Hartford Investment Management Co. Sells 675 Shares of Invitation Homes Inc. (NYSE:INVH)

Hartford Investment Management Co. trimmed its stake in Invitation Homes Inc. (NYSE:INVH) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,883 shares of the company’s stock after selling 675 shares during the quarter. Hartford Investment Management Co.’s holdings in Invitation Homes were worth $1,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in shares of Invitation Homes in the second quarter valued at $200,000. CWM LLC grew its position in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after acquiring an additional 351 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Invitation Homes by 32.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,808 shares of the company’s stock valued at $346,000 after acquiring an additional 2,401 shares during the period. Creative Planning increased its stake in shares of Invitation Homes by 2.4% during the 3rd quarter. Creative Planning now owns 26,129 shares of the company’s stock worth $921,000 after purchasing an additional 600 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Invitation Homes by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 172,844 shares of the company’s stock valued at $6,094,000 after purchasing an additional 2,804 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes Price Performance

Invitation Homes stock opened at $31.44 on Friday. The firm has a market cap of $19.26 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 4.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s fifty day moving average price is $31.63 and its two-hundred day moving average price is $33.66. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is presently 163.38%.

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.