LPL Financial LLC Sells 4,352 Shares of Invitation Homes Inc. (NYSE:INVH)

LPL Financial LLC trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,642 shares of the company’s stock after selling 4,352 shares during the period. LPL Financial LLC’s holdings in Invitation Homes were worth $1,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Invitation Homes by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock valued at $3,481,574,000 after acquiring an additional 2,784,696 shares during the last quarter. Norges Bank bought a new stake in Invitation Homes in the 4th quarter valued at $1,127,108,000. State Street Corp increased its holdings in Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock valued at $1,168,062,000 after acquiring an additional 3,310,121 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Invitation Homes by 12.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 18,133,606 shares of the company’s stock valued at $566,313,000 after acquiring an additional 1,942,035 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Invitation Homes by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 13,424,395 shares of the company’s stock worth $418,370,000 after buying an additional 284,479 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Price Performance

Shares of INVH opened at $31.68 on Friday. The company has a 50 day moving average price of $32.20 and a 200-day moving average price of $33.54. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The stock has a market capitalization of $19.39 billion, a PE ratio of 40.10, a PEG ratio of 3.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 4.77% and a net margin of 20.52%. The business had revenue of $617.70 million during the quarter, compared to analysts’ expectations of $614.21 million. Equities analysts predict that Invitation Homes Inc. will post 1.75 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Tuesday, November 7th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.04 annualized dividend and a dividend yield of 3.28%. Invitation Homes’s payout ratio is presently 131.65%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on INVH shares. UBS Group started coverage on shares of Invitation Homes in a report on Friday, September 29th. They issued a “buy” rating and a $38.00 target price on the stock. HSBC started coverage on shares of Invitation Homes in a report on Friday, September 29th. They issued a “buy” rating and a $38.00 target price on the stock. KeyCorp reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, October 4th. Raymond James reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Evercore ISI dropped their price target on shares of Invitation Homes from $37.00 to $35.00 in a research note on Monday, October 9th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.26.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, 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.