Ameritas Investment Partners Inc. Has $222,000 Position in Invitation Homes Inc. (NYSE:INVH)

Ameritas Investment Partners Inc. lowered its position in Invitation Homes Inc. (NYSE:INVH) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,222 shares of the company’s stock after selling 417 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Invitation Homes were worth $222,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. lifted its stake in Invitation Homes by 497.8% in the first quarter. Edgestream Partners L.P. now owns 94,451 shares of the company’s stock valued at $3,363,000 after acquiring an additional 78,652 shares during the last quarter. Nicola Wealth Management LTD. lifted its stake in shares of Invitation Homes by 65.8% during the 1st quarter. Nicola Wealth Management LTD. now owns 50,648 shares of the company’s stock worth $1,804,000 after buying an additional 20,100 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Invitation Homes by 114.9% during the 1st quarter. Intech Investment Management LLC now owns 21,812 shares of the company’s stock worth $777,000 after buying an additional 11,660 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Invitation Homes by 4.7% during the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after buying an additional 384,564 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Invitation Homes by 14.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after buying an additional 131,068 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on INVH shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 target price on shares of Invitation Homes in a research note on Monday, June 17th. Mizuho cut their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Raymond James lifted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Evercore ISI lifted their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Finally, Barclays dropped their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.39.

Insiders Place Their Bets

In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Invitation Homes Trading Down 1.4 %

Shares of Invitation Homes stock opened at $35.97 on Thursday. The firm has a market capitalization of $22.03 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 2.24 and a beta of 0.99. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $35.37 and its 200 day moving average is $34.51. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.92.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). The company had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s payout ratio is 128.74%.

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.