Allspring Global Investments Holdings LLC Sells 748 Shares of Invitation Homes Inc. (NYSE:INVH)

Allspring Global Investments Holdings LLC reduced its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,479 shares of the company’s stock after selling 748 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Invitation Homes were worth $2,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI increased its stake in shares of Invitation Homes by 247.0% in the 4th quarter. National Bank of Canada FI now owns 134,290 shares of the company’s stock worth $4,649,000 after purchasing an additional 95,591 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Invitation Homes by 3.2% in the fourth quarter. Metis Global Partners LLC now owns 57,013 shares of the company’s stock worth $1,945,000 after buying an additional 1,745 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Invitation Homes by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company’s stock valued at $206,952,000 after buying an additional 144,897 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Invitation Homes during the 4th quarter valued at approximately $195,000. Finally, BNP Paribas Financial Markets increased its holdings in Invitation Homes by 298.6% in the 4th quarter. BNP Paribas Financial Markets now owns 545,378 shares of the company’s stock worth $18,603,000 after acquiring an additional 408,570 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.7 %

Shares of NYSE INVH opened at $36.84 on Tuesday. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50 day moving average is $35.64 and its two-hundred day moving average is $34.97. The stock has a market capitalization of $22.57 billion, a P/E ratio of 42.34, a PEG ratio of 4.60 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). The company had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.04%. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Analyst Ratings Changes

Several equities analysts have weighed in on INVH shares. Scotiabank lifted their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Barclays decreased their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Evercore ISI boosted their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.63.

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.