Invitation Homes Inc. (NYSE:INVH) Stake Lessened by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its holdings in Invitation Homes Inc. (NYSE:INVH) by 23.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,667 shares of the company’s stock after selling 498 shares during the period. Sentry Investment Management LLC’s holdings in Invitation Homes were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. grew its position in Invitation Homes by 179.5% during the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after purchasing an additional 2,344 shares in the last quarter. Capital World Investors acquired a new stake in shares of Invitation Homes during the 4th quarter valued at $4,891,000. Toronto Dominion Bank grew its holdings in shares of Invitation Homes by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company’s stock valued at $9,794,000 after acquiring an additional 19,084 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Invitation Homes in the fourth quarter worth $595,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INVH. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. The Goldman Sachs Group upped their target price on Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Oppenheimer lifted their price target on Invitation Homes from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Raymond James boosted their price target on Invitation Homes from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Finally, Scotiabank increased their price objective on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.94.

Invitation Homes Stock Down 1.0%

INVH opened at $32.90 on Friday. The firm has a market cap of $20.17 billion, a P/E ratio of 46.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The business has a 50 day moving average price of $33.53 and a 200 day moving average price of $32.89. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.53%. Invitation Homes’s payout ratio is presently 150.65%.

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.