Securian Asset Management Inc. Has $979,000 Stake in Invitation Homes Inc. (NYSE:INVH)

Securian Asset Management Inc. lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,619 shares of the company’s stock after selling 890 shares during the period. Securian Asset Management Inc.’s holdings in Invitation Homes were worth $979,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INVH. Lindbrook Capital LLC boosted its stake in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after buying an additional 378 shares during the period. Allworth Financial LP boosted its stake in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after buying an additional 702 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Barclays reiterated an “overweight” rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $36.00 in a report on Thursday. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.65.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $33.46 on Friday. 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 $31.86 and its 200-day simple moving average is $33.30. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The firm has a market cap of $20.50 billion, a P/E ratio of 47.13, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last issued its 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 analyst estimates of $658.71 million. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

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.