Invitation Homes Inc. (NYSE:INVH) Position Lowered by Hazelview Securities Inc.

Hazelview Securities Inc. lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 862,076 shares of the company’s stock after selling 21,900 shares during the quarter. Invitation Homes makes up about 5.7% of Hazelview Securities Inc.’s investment portfolio, making the stock its 5th largest position. Hazelview Securities Inc. owned about 0.14% of Invitation Homes worth $30,233,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in Invitation Homes during the fourth quarter valued at $46,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares in the last quarter. Mather Group LLC. purchased a new stake in Invitation Homes during the first quarter valued at $75,000. GAMMA Investing LLC purchased a new stake in Invitation Homes during the fourth quarter valued at $79,000. Finally, Ninepoint Partners LP bought a new position in Invitation Homes during the fourth quarter valued at $109,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Insider Transactions at Invitation Homes

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the sale, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Cohen Jana Barbe sold 7,200 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares in the company, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

INVH has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $38.00 price target on shares of Invitation Homes in a report on Monday, June 17th. Citigroup restated a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Finally, Barclays cut their price target on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.00.

Invitation Homes Stock Performance

INVH traded down $0.39 during trading on Wednesday, reaching $35.15. 1,169,093 shares of the company’s stock were exchanged, compared to its average volume of 3,088,090. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $21.53 billion, a P/E ratio of 40.49, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company’s fifty day simple moving average is $34.78 and its 200-day simple moving average is $34.28.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The business had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. As a group, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, June 27th. Invitation Homes’s dividend payout ratio is currently 128.74%.

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.