Teacher Retirement System of Texas Sells 6,256 Shares of Invitation Homes Inc. (NYSE:INVH)

Teacher Retirement System of Texas decreased its position in Invitation Homes Inc. (NYSE:INVH) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,224 shares of the company’s stock after selling 6,256 shares during the period. Teacher Retirement System of Texas’ holdings in Invitation Homes were worth $2,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in Invitation Homes by 58.4% during 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 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 acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP raised its position in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. acquired a new position in shares of 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

A number of equities research analysts recently commented on the company. Barclays reiterated an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Stock Down 0.4 %

NYSE:INVH opened at $34.09 on Wednesday. The company has a market cap of $20.89 billion, a PE ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. The stock has a 50-day simple moving average of $32.25 and a 200 day simple moving average 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 quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business 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%. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s 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.