Prudential Financial Inc. Sells 103,640 Shares of Invitation Homes Inc. (NYSE:INVH)

Prudential Financial Inc. lessened its holdings in Invitation Homes Inc. (NYSE:INVH) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,090,586 shares of the company’s stock after selling 103,640 shares during the quarter. Prudential Financial Inc.’s holdings in Invitation Homes were worth $34,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lindbrook Capital LLC boosted its holdings in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares during the period. Smartleaf Asset Management LLC grew its position 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 buying an additional 378 shares in the last quarter. Allworth Financial LP increased its stake in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares during the period. Finally, Center for Financial Planning Inc. acquired a new position in Invitation Homes in the 4th quarter valued at $48,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INVH has been the topic of several analyst reports. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Barclays restated an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.56.

Invitation Homes Price Performance

INVH stock opened at $34.09 on Wednesday. The company has a market capitalization of $20.89 billion, a P/E ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. The company has a fifty day moving average price of $32.25 and a 200-day moving average price of $33.15. 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 Inc. has a 52-week low of $30.13 and a 52-week high of $37.80.

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

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 3.40%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio 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.