Maryland State Retirement & Pension System Sells 1,089 Shares of Invitation Homes Inc. (NYSE:INVH)

Maryland State Retirement & Pension System decreased its position in Invitation Homes Inc. (NYSE:INVH) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,871 shares of the company’s stock after selling 1,089 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Invitation Homes were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares during the period. JPMorgan Chase & Co. increased its stake in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares during the period. Daiwa Securities Group Inc. increased its stake in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares during the period. National Bank of Canada FI increased its stake in Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after purchasing an additional 780,760 shares during the period. Finally, FMR LLC increased its stake in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH stock opened at $33.89 on Friday. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 4.70 and a beta of 1.03. The business’s fifty day moving average is $32.18 and its 200 day moving average is $33.20. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The company 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%. Research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 27th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.42%. Invitation Homes’s payout ratio is 158.90%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INVH. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.56.

About Invitation Homes

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.