Allspring Global Investments Holdings LLC Reduces Holdings in Invitation Homes Inc. (NYSE:INVH)

Allspring Global Investments Holdings LLC lowered its position in Invitation Homes Inc. (NYSE:INVH) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,711 shares of the company’s stock after selling 12,203 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Invitation Homes were worth $1,764,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Invitation Homes during the 3rd quarter worth approximately $86,000. Sentry Investment Management LLC bought a new stake in shares of Invitation Homes during the third quarter worth $106,000. Artemis Wealth Advisors LLC boosted its stake in shares of Invitation Homes by 10.6% during the third quarter. Artemis Wealth Advisors LLC now owns 4,911 shares of the company’s stock valued at $156,000 after purchasing an additional 470 shares during the period. Signaturefd LLC grew its holdings in shares of Invitation Homes by 16.8% in the third quarter. Signaturefd LLC now owns 5,397 shares of the company’s stock worth $171,000 after purchasing an additional 777 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Invitation Homes by 1,590.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,884 shares of the company’s stock worth $186,000 after buying an additional 5,536 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI reissued an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a research report on Monday, March 18th. Mizuho raised their price objective on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Citigroup reissued a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft started coverage on Invitation Homes in a report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 price objective for the company. Finally, Jefferies Financial Group upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $41.00 in a report on Tuesday, January 2nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.78 on Tuesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The company has a market cap of $20.69 billion, a PE ratio of 40.21, a PEG ratio of 1.99 and a beta of 0.94. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.53. The business’s fifty day simple moving average is $34.22 and its 200-day simple moving average is $33.37.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The firm had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.32%. Invitation Homes’s dividend payout ratio is presently 133.33%.

Insider Activity

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

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.