Keybank National Association OH Has $9.79 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Keybank National Association OH reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 67.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 306,185 shares of the company’s stock after selling 620,913 shares during the period. Keybank National Association OH’s holdings in Invitation Homes were worth $9,789,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after acquiring an additional 4,883,564 shares during the period. JPMorgan Chase & Co. grew its holdings in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the period. Daiwa Securities Group Inc. grew its holdings in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares during the period. National Bank of Canada FI grew its holdings in Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after acquiring an additional 780,760 shares during the period. Finally, FMR LLC grew its holdings in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.09 on Thursday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm’s 50-day simple moving average is $31.59 and its 200 day simple moving average is $33.41.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. As a group, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.40%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Barclays cut their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.53.

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.