Arizona State Retirement System Has $5.40 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Arizona State Retirement System reduced its holdings in Invitation Homes Inc. (NYSE:INVH) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 169,033 shares of the company’s stock after selling 6,457 shares during the quarter. Arizona State Retirement System’s holdings in Invitation Homes were worth $5,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Square LLC increased its position in Invitation Homes by 1.3% in the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after acquiring an additional 308 shares during the period. Smartleaf Asset Management LLC increased its position in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after acquiring an additional 408 shares during the period. Carnegie Lake Advisors LLC increased its position in Invitation Homes by 1.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company’s stock valued at $1,118,000 after acquiring an additional 500 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in Invitation Homes by 5.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 11,495 shares of the company’s stock valued at $366,000 after acquiring an additional 608 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Up 1.2 %

Shares of NYSE INVH opened at $34.19 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $31.65 and its 200 day simple moving average is $33.41. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The firm has a market cap of $20.94 billion, a PE ratio of 48.15, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. As a group, sell-side 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 dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.39%. Invitation Homes’s dividend payout ratio is presently 158.90%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INVH. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.53.

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.