Invitation Homes Inc. (NYSE:INVH) Holdings Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Invitation Homes Inc. (NYSE:INVH) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,433 shares of the company’s stock after selling 2,012 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Invitation Homes worth $18,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in Invitation Homes during the 1st quarter worth about $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Invitation Homes during the fourth quarter worth approximately $46,000. Blue Trust Inc. grew its position in Invitation Homes by 644.7% during the second quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock valued at $55,000 after purchasing an additional 1,341 shares in the last quarter. Mather Group LLC. acquired a new position in Invitation Homes in the 1st quarter valued at approximately $75,000. Finally, GAMMA Investing LLC purchased a new stake in Invitation Homes in the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Invitation Homes stock traded down $0.03 during mid-day trading on Friday, reaching $35.91. The company had a trading volume of 749,907 shares, compared to its average volume of 3,211,556. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market cap of $22.00 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 4.44 and a beta of 0.99. The company has a 50 day moving average of $35.53 and a 200-day moving average of $34.75. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.92.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The company had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 27th were paid a $0.28 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.12%. Invitation Homes’s payout ratio is 128.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on INVH shares. Keefe, Bruyette & Woods dropped their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. Royal Bank of Canada lowered their price target on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Mizuho cut their price objective on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. Finally, Scotiabank boosted their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and an average price target of $38.61.

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.