Swiss National Bank Has $65.27 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Swiss National Bank reduced its stake in Invitation Homes Inc. (NYSE:INVH) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,913,616 shares of the company’s stock after selling 54,600 shares during the period. Swiss National Bank’s holdings in Invitation Homes were worth $65,273,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares during the period. GAMMA Investing LLC bought a new position in Invitation Homes during the fourth quarter worth about $79,000. NBC Securities Inc. acquired a new stake in Invitation Homes in the 3rd quarter worth about $86,000. Ninepoint Partners LP bought a new stake in Invitation Homes in the 4th quarter valued at about $109,000. Finally, Sentry Investment Management LLC bought a new stake in Invitation Homes in the 3rd quarter valued at about $106,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $34.39 on Monday. The company’s 50 day moving average price is $34.52 and its two-hundred day moving average price is $33.51. The firm has a market capitalization of $21.07 billion, a P/E ratio of 39.53, a P/E/G ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s payout ratio is 128.74%.

Insider Transactions at Invitation Homes

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on Invitation Homes in a research report on Tuesday, January 30th. They set a “hold” rating and a $35.00 target price for the company. Citigroup restated a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Raymond James upped their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, BNP Paribas assumed coverage on shares of Invitation Homes in a report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.19.

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.