Naviter Wealth LLC Cuts Stake in Invitation Homes Inc. (NYSE:INVH)

Naviter Wealth LLC reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,815 shares of the company’s stock after selling 5,643 shares during the period. Naviter Wealth LLC’s holdings in Invitation Homes were worth $1,091,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in INVH. Wealth Enhancement Advisory Services LLC raised its position in Invitation Homes by 6.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,885 shares of the company’s stock worth $454,000 after purchasing an additional 752 shares during the period. Easterly Investment Partners LLC bought a new position in shares of Invitation Homes during the third quarter valued at about $1,763,000. Assetmark Inc. increased its holdings in shares of Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after buying an additional 1,232 shares during the period. Atria Investments Inc lifted its stake in shares of Invitation Homes by 4.4% in the 3rd quarter. Atria Investments Inc now owns 25,859 shares of the company’s stock valued at $912,000 after acquiring an additional 1,094 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Invitation Homes by 0.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 671,085 shares of the company’s stock valued at $23,662,000 after acquiring an additional 2,833 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on INVH. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Barclays lowered their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.53.

Invitation Homes Trading Up 1.2 %

NYSE INVH opened at $34.19 on Friday. The firm has a market capitalization of $20.94 billion, a PE ratio of 48.15, a P/E/G ratio of 4.70 and a beta of 1.03. The stock’s 50 day moving average is $31.69 and its 200 day moving average is $33.40. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve 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.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million for 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%. Research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. 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.