Motco Trims Stake in Invitation Homes Inc. (NYSE:INVH)

Motco reduced its position in Invitation Homes Inc. (NYSE:INVH) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,505 shares of the company’s stock after selling 380 shares during the period. Motco’s holdings in Invitation Homes were worth $144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in INVH. Allworth Financial LP lifted its holdings in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes in the 4th quarter valued at about $48,000. Brooklyn Investment Group purchased a new stake in shares of Invitation Homes in the 3rd quarter valued at about $49,000. Finally, Huntington National Bank lifted its holdings in shares of Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after purchasing an additional 699 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on INVH. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Barclays dropped their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group cut 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 research report on Thursday, January 2nd. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Stock Performance

INVH opened at $34.02 on Friday. The stock has a market cap of $20.84 billion, a P/E ratio of 47.91, a P/E/G ratio of 4.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s 50 day simple moving average is $31.48 and its 200 day simple moving average is $33.45. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

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

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is 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.