Invitation Homes Inc. (NYSE:INVH) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in Invitation Homes Inc. (NYSE:INVH) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,919,750 shares of the company’s stock after selling 377,195 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Invitation Homes were worth $139,582,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on INVH. Evercore ISI reiterated an “in-line” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Citigroup restated a “neutral” rating and issued a $39.00 target price on shares of Invitation Homes in a report on Friday, March 22nd. Mizuho dropped their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Finally, Barclays dropped their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Invitation Homes Trading Up 0.3 %

INVH traded up $0.11 during mid-day trading on Wednesday, hitting $36.16. 711,751 shares of the stock were exchanged, compared to its average volume of 3,108,880. The firm’s fifty day moving average is $34.98 and its two-hundred day moving average is $34.33. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The company has a market cap of $22.15 billion, a PE ratio of 41.44, a PEG ratio of 2.19 and a beta of 0.99.

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

Invitation Homes Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Thursday, June 27th. Invitation Homes’s dividend payout ratio is currently 128.74%.

Insider Buying and Selling at Invitation Homes

In other news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the transaction, the director now owns 28,068 shares in the company, valued at approximately $970,591.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

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.