Invitation Homes Inc. (NYSE:INVH) shares sold by Xponance Inc.

Xponance Inc. has acquired its interest in Invitation Homes Inc. (NYSE:INVH – Free Report) decreased by 2.2% in the fourth quarter, the company said in its most recent Form 13F filing with the SEC. The institutional investor owned 76,793 shares of the company after selling 1,755 shares during the quarter. The interests of Xponance Inc. in Invitation Homes were worth $2,619,000 at the end of the most recent reporting period.

Other institutional investors have also increased or decreased their stake in the company. Principal Financial Group Inc. increased its stake in Invitation Homes shares by 0.7% in the third quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company’s stock worth $658,403,000 after purchasing an additional 138,213 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Invitation Homes by 9.6% in the third quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after purchasing an additional 1,080,000 shares during the period. Morgan Stanley increased its stake in Invitation Homes shares by 19.5% in the third quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after purchasing an additional 1,466,330 shares during the period. Northern Trust Corp increased its stake in shares of Invitation Homes by 2.2% in the third quarter. Northern Trust Corp now owns 7,066,681 shares of the company’s stock worth $223,943,000 after purchasing an additional 151,903 shares during the period. Finally, Charles Schwab Investment Management Inc. its stake in Invitation Homes shares increased by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,922,291 shares of the company’s stock worth $187,677,000 after purchasing an additional 20,555 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s shares.

Changes in analyst ratings

Several research analysts recently weighed in on INVH stock. 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 18. Deutsche Bank Aktiengesellschaft initiated coverage on Invitation Homes in a research report on Tuesday, January 30th. They set a hold rating and a $35.00 price target for the company. Citigroup reiterated a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22. Mizuho lifted their price target on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20. Finally, Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Read our latest analysis on INVH

Inventory for invitational homes increases by 0.6%

Shares of INVH opened at $33.78 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a one-year low of $28.49 and a one-year high of $36.53. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 1.99 and a beta of 0.94. The stock has a 50-day moving average of $34.22 and a 200-day moving average of $33.37.

Invitation Homes (NYSE:INVH – Get Free Report) posted its latest quarterly results on Tuesday, February 13. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The company had revenue of $624.32 million for the quarter, compared to analyst expectations of $623.51 million. Equity research analysts predict that Invitation Homes Inc. will record a profit per share of 1.83 for the current financial year.

Invitation Homes announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19. A dividend of $0.28 per share was paid to known shareholders on Thursday, March 28. This represents a dividend of $1.12 annually and a yield of 3.32%. The ex-dividend date of this dividend was Wednesday, March 27. Invitation Homes’ dividend payout ratio (DPR) currently stands at 133.33%.

Insiders place their bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15. The stock sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Currently, 0.28% of the shares are owned by corporate insiders.

Invitation House profile

(Free report)

Invitation Homes, an S&P 500 company, is the nation’s leading single-family leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valuable features such as proximity to jobs and access to quality schools . The company’s mission, Together with You, We Make a House a Home, reflects the commitment to providing homes where individuals and families can thrive and high-quality services that continually improve residents’ living experiences.

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Would you like to see which other hedge funds own INVH? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Invitation Homes Inc. (NYSE:INVH – Free Report).

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