Invitation Homes Inc. (NYSE:INVH) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its position in Invitation Homes Inc. (NYSE:INVH) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,934 shares of the company’s stock after selling 2,061 shares during the quarter. M&T Bank Corp’s holdings in Invitation Homes were worth $2,108,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its holdings in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP raised its holdings in Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Assetmark Inc. raised its holdings in Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after purchasing an additional 1,232 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in Invitation Homes during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays cut their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.53.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.19 on Monday. The firm has a market capitalization of $20.94 billion, a P/E ratio of 48.15, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The company’s fifty day moving average is $31.69 and its two-hundred day moving average is $33.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is presently 158.90%.

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.