Invitation Homes Inc. (NYSE:INVH) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in Invitation Homes Inc. (NYSE:INVH) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,801 shares of the company’s stock after selling 594 shares during the period. Farther Finance Advisors LLC’s holdings in Invitation Homes were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of INVH. Norges Bank acquired a new stake in shares of Invitation Homes in the 4th quarter valued at $1,646,794,000. JPMorgan Chase & Co. raised its stake in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after buying an additional 4,661,213 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock worth $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Invitation Homes during the 4th quarter worth about $67,743,000. Finally, Northern Trust Corp boosted its position in shares of Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock worth $218,060,000 after acquiring an additional 1,463,236 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.6%

Shares of INVH stock opened at $33.52 on Friday. The company has a market capitalization of $20.55 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 4.70 and a beta of 0.82. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $33.59 and its two-hundred day moving average is $32.86. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. Equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, June 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.46%. Invitation Homes’s dividend payout ratio is presently 150.65%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INVH. Keefe, Bruyette & Woods boosted their target price on Invitation Homes from $36.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, May 5th. Citigroup upgraded shares of Invitation Homes from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $35.00 to $38.50 in a research report on Friday, June 6th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Royal Bank of Canada lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Invitation Homes from $39.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.97.

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.