Ensign Peak Advisors Inc Sells 25,662 Shares of Invitation Homes Inc. (NYSE:INVH)

Ensign Peak Advisors Inc lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 233,123 shares of the company’s stock after selling 25,662 shares during the period. Ensign Peak Advisors Inc’s holdings in Invitation Homes were worth $7,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cohen & Steers Inc. increased its stake in Invitation Homes by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company’s stock valued at $1,970,744,000 after purchasing an additional 1,019,377 shares in the last quarter. Norges Bank bought a new stake in Invitation Homes during the 4th quarter valued at $1,646,794,000. Geode Capital Management LLC increased its stake in Invitation Homes by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock valued at $480,276,000 after purchasing an additional 365,954 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock worth $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after acquiring an additional 4,661,213 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 2.3%

Shares of INVH opened at $33.71 on Wednesday. The business’s 50-day moving average price is $33.68 and its 200-day moving average price is $32.84. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The stock has a market cap of $20.66 billion, a PE ratio of 47.48, a P/E/G ratio of 4.70 and a beta of 0.87. 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 quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 earnings per share. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 150.65%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on INVH shares. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Barclays upped their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, May 5th. Royal Bank of Canada upped their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Finally, Oppenheimer boosted their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.94.

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.