KBC Group NV Sells 25,778 Shares of Invitation Homes Inc. (NYSE:INVH)

KBC Group NV cut its holdings in Invitation Homes Inc. (NYSE:INVHFree Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 229,509 shares of the company’s stock after selling 25,778 shares during the period. KBC Group NV’s holdings in Invitation Homes were worth $7,829,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after acquiring an additional 1,061 shares during the period. GAMMA Investing LLC bought a new position in Invitation Homes during the fourth quarter valued at about $79,000. Ninepoint Partners LP bought a new position in Invitation Homes during the fourth quarter valued at about $109,000. V Square Quantitative Management LLC increased its stake in Invitation Homes by 1,590.8% during the third quarter. V Square Quantitative Management LLC now owns 5,884 shares of the company’s stock valued at $186,000 after acquiring an additional 5,536 shares during the period. Finally, Quest Partners LLC bought a new position in Invitation Homes during the fourth quarter valued at about $191,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INVH has been the topic of several research reports. Citigroup restated a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research note on Friday, March 22nd. Barclays lowered their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, March 7th. Keefe, Bruyette & Woods lifted their price objective on Invitation Homes from $37.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, May 13th. Finally, Scotiabank lifted their price objective on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average price target of $38.12.

Read Our Latest Analysis on INVH

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.73 on Thursday. The firm has a market cap of $21.27 billion, a PE ratio of 39.92, a PEG ratio of 2.14 and a beta of 0.99. 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 Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The company has a fifty day moving average price of $34.59 and a 200 day moving average price of $34.07.

Invitation Homes (NYSE:INVHGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). The company had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. Research analysts predict that Invitation Homes Inc. will post 1.82 earnings per share for the current fiscal 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 paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. Invitation Homes’s dividend payout ratio is 128.74%.

Insider Transactions at Invitation Homes

In other news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares in the company, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the sale, the director now directly owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles D. Young sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the sale, the chief operating officer now owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. Insiders sold a total of 22,200 shares of company stock worth $770,726 in the last three months. Insiders own 0.28% of the company’s stock.

About Invitation Homes

(Free Report)

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.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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