Invitation Homes Inc. (NYSE:INVH) Stock Position Reduced by Cypress Capital Group

Cypress Capital Group trimmed its position in Invitation Homes Inc. (NYSE:INVH) by 4.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,757 shares of the company’s stock after selling 319 shares during the quarter. Cypress Capital Group’s holdings in Invitation Homes were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes during the first quarter worth about $26,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes during the 2nd quarter worth approximately $42,000. Creekmur Asset Management LLC bought a new stake in shares of Invitation Homes in the 4th quarter worth approximately $46,000. Blue Trust Inc. boosted its position in Invitation Homes by 644.7% during the 2nd quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock valued at $55,000 after purchasing an additional 1,341 shares during the period. Finally, Mather Group LLC. bought a new position in Invitation Homes during the 1st quarter worth $75,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on INVH shares. Barclays cut their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. UBS Group increased their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $37.00 to $38.00 in a report on Monday. Scotiabank upped their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.58.

Invitation Homes Stock Down 0.7 %

INVH traded down $0.25 during trading on Monday, reaching $35.90. 354,980 shares of the stock traded hands, compared to its average volume of 3,202,866. The stock has a market cap of $21.99 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.92. The stock’s 50-day simple moving average is $35.54 and its two-hundred day simple moving average is $34.81.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The company had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Thursday, June 27th. Invitation Homes’s payout ratio is currently 128.74%.

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.