New York State Common Retirement Fund Sells 50,360 Shares of Invitation Homes Inc. (NYSE:INVH)

New York State Common Retirement Fund trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 471,945 shares of the company’s stock after selling 50,360 shares during the quarter. New York State Common Retirement Fund’s holdings in Invitation Homes were worth $16,098,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in shares of Invitation Homes by 2.2% during the third quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock valued at $555,000 after purchasing an additional 372 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Invitation Homes by 2.4% during the third quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock valued at $563,000 after purchasing an additional 421 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Invitation Homes by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after purchasing an additional 473 shares during the last quarter. CWM LLC lifted its holdings in shares of Invitation Homes by 10.2% during the third quarter. CWM LLC now owns 6,590 shares of the company’s stock valued at $209,000 after purchasing an additional 608 shares during the last quarter. Finally, Wealth Alliance lifted its holdings in shares of Invitation Homes by 9.0% during the fourth quarter. Wealth Alliance now owns 7,394 shares of the company’s stock valued at $252,000 after purchasing an additional 610 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INVH shares. KeyCorp lifted their target price on shares of Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Raymond James boosted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Jefferies Financial Group upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $41.00 in a report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 price objective for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Thursday, February 15th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Price Performance

Shares of INVH opened at $34.72 on Monday. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The firm has a fifty day simple moving average of $34.38 and a two-hundred day simple moving average of $33.45. 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 firm has a market cap of $21.27 billion, a PE ratio of 41.33, a P/E/G ratio of 2.05 and a beta of 0.94.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) 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 business had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. On average, equities analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s payout ratio is 133.33%.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the business’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 completion of the sale, the chief financial officer now owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

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.