Kentucky Retirement Systems Sells 3,700 Shares of Invitation Homes Inc. (NYSE:INVH)

Kentucky Retirement Systems trimmed its position in Invitation Homes Inc. (NYSE:INVH) by 8.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 39,689 shares of the company’s stock after selling 3,700 shares during the period. Kentucky Retirement Systems’ holdings in Invitation Homes were worth $1,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INVH. Janney Montgomery Scott LLC increased its position in shares of Invitation Homes by 9.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,110 shares of the company’s stock valued at $324,000 after purchasing an additional 804 shares during the last quarter. Intech Investment Management LLC increased its holdings in Invitation Homes by 114.9% during the first quarter. Intech Investment Management LLC now owns 21,812 shares of the company’s stock worth $777,000 after buying an additional 11,660 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Invitation Homes by 10.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,612 shares of the company’s stock worth $1,233,000 after buying an additional 3,295 shares during the last quarter. Bessemer Group Inc. boosted its stake in Invitation Homes by 55.2% in the first quarter. Bessemer Group Inc. now owns 2,296 shares of the company’s stock valued at $83,000 after acquiring an additional 817 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock valued at $19,686,000 after acquiring an additional 431,735 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.1 %

Shares of Invitation Homes stock opened at $34.15 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The firm has a market cap of $20.92 billion, a PE ratio of 48.10, a PEG ratio of 5.14 and a beta of 1.02. The company has a 50 day simple moving average of $34.32 and a two-hundred day simple moving average of $35.03.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 157.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $37.00 to $38.00 in a report on Monday, August 26th. Finally, UBS Group lifted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

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.