Russell Investments Group Ltd. Reduces Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Russell Investments Group Ltd. trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,123,566 shares of the company’s stock after selling 438,594 shares during the period. Russell Investments Group Ltd. owned 0.51% of Invitation Homes worth $99,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Lindbrook Capital LLC grew its stake in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its position 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 during the period. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% in 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 position in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes during the fourth quarter worth $48,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Down 4.4 %

INVH stock opened at $32.49 on Friday. The company has a market capitalization of $19.91 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. 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 one year low of $30.13 and a one year high of $37.80. The company’s 50 day moving average price is $32.84 and its two-hundred day moving average price is $33.06.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 EPS 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 analysts’ expectations of $658.71 million. As a group, analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.57%. Invitation Homes’s payout ratio is 158.90%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INVH. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes 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.