Elo Mutual Pension Insurance Co Sells 4,793 Shares of Invitation Homes Inc. (NYSE:INVH)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,056 shares of the company’s stock after selling 4,793 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Invitation Homes were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its position in shares of 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 purchasing an additional 298,307 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after buying an additional 31,184 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after buying an additional 1,089,281 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in Invitation Homes by 0.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company’s stock valued at $178,942,000 after acquiring an additional 44,945 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after acquiring an additional 4,883,564 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on INVH shares. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Barclays restated an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes currently has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Price Performance

NYSE INVH opened at $34.48 on Friday. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s fifty day moving average price is $32.51 and its 200 day moving average price is $33.12. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $658.71 million. As a group, equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.36%. Invitation Homes’s dividend 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.