Truist Financial Corp Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

Truist Financial Corp reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,734 shares of the company’s stock after selling 2,635 shares during the quarter. Truist Financial Corp’s holdings in Invitation Homes were worth $3,129,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Invitation Homes by 1.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock worth $146,569,000 after acquiring an additional 40,558 shares in the last quarter. M&T Bank Corp raised its stake in Invitation Homes by 1.0% during the third quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock valued at $2,330,000 after buying an additional 756 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Invitation Homes by 5.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock worth $1,233,000 after buying an additional 1,974 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Invitation Homes in the 3rd quarter worth approximately $3,481,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Invitation Homes by 23.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock valued at $2,620,000 after acquiring an additional 15,935 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a report on Friday, March 22nd. Raymond James boosted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 target price on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Invitation Homes in a research report on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Stock Up 0.5 %

Invitation Homes stock opened at $34.98 on Wednesday. The company’s 50-day moving average price is $34.58 and its two-hundred day moving average price is $33.56. The stock has a market cap of $21.43 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53.

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

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.20%. Invitation Homes’s dividend payout ratio is currently 128.74%.

Insiders Place Their Bets

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is owned by company insiders.

Invitation Homes 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.