SG Americas Securities LLC Sells 16,307 Shares of Invitation Homes Inc. (NYSE:INVH)

SG Americas Securities LLC cut its stake in shares of Invitation Homes Inc. (NYSE:INVH – Get Rating) by 50.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 16,024 shares of the company’s stock after selling 16,307 shares during the period. SG Americas Securities LLC’s holdings in Invitation Homes were worth $644,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of Invitation Homes during the 4th quarter valued at $27,000. Riverview Trust Co purchased a new stake in shares of Invitation Homes during the 1st quarter valued at $30,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Invitation Homes by 53.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 872 shares of the company’s stock valued at $40,000 after purchasing an additional 303 shares during the last quarter. CWM LLC increased its position in shares of Invitation Homes by 195.6% during the 1st quarter. CWM LLC now owns 1,531 shares of the company’s stock valued at $62,000 after purchasing an additional 1,013 shares during the last quarter. Finally, MUFG Americas Holdings Corp increased its position in shares of Invitation Homes by 93.6% during the 4th quarter. MUFG Americas Holdings Corp now owns 1,828 shares of the company’s stock valued at $83,000 after purchasing an additional 884 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INVH shares. KeyCorp decreased their price objective on Invitation Homes from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, June 28th. Oppenheimer started coverage on Invitation Homes in a report on Monday, July 18th. They issued a “market perform” rating and a $39.00 price objective for the company. Evercore ISI set a $42.00 price objective on Invitation Homes in a report on Monday, June 20th. Barclays decreased their price objective on Invitation Homes from $46.00 to $43.00 and set a “maintains” rating for the company in a report on Tuesday, July 26th. Finally, Jefferies Financial Group decreased their price objective on Invitation Homes from $44.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.34.

Invitation Homes Stock Performance

Shares of INVH opened at $37.67 on Thursday. The company has a market cap of $22.99 billion, a PE ratio of 66.09, a price-to-earnings-growth ratio of 3.47 and a beta of 0.89. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $36.27 and a 200-day moving average price of $38.74. Invitation Homes Inc. has a 12-month low of $33.15 and a 12-month high of $45.80.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.34%. Invitation Homes’s dividend payout ratio (DPR) is presently 154.39%.

Invitation Homes Company Profile

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Invitation Homes is the nation's premier single-family home leasing 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.