Skandinaviska Enskilda Banken AB publ Sells 3,800 Shares of Invitation Homes Inc. (NYSE:INVH)

Skandinaviska Enskilda Banken AB publ lowered its position in Invitation Homes Inc. (NYSE:INVH) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 117,024 shares of the company’s stock after selling 3,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Invitation Homes were worth $3,725,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after buying an additional 298,307 shares during the period. FMR LLC boosted its holdings in shares of Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 31,184 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

INVH has been the subject of several research reports. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $36.00 in a report on Thursday. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.65.

Invitation Homes Stock Performance

Invitation Homes stock opened at $33.46 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The firm has a market capitalization of $20.50 billion, a P/E ratio of 47.13, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company’s 50-day moving average is $31.86 and its 200 day moving average is $33.28.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Research analysts forecast 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 will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

About Invitation Homes

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.