Sei Investments Co. Has $94.49 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Sei Investments Co. cut its position in shares of Invitation Homes Inc. (NYSE:INVH) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,955,674 shares of the company’s stock after selling 291,867 shares during the quarter. Sei Investments Co.’s holdings in Invitation Homes were worth $94,493,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. grew its holdings in Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC grew its holdings in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP grew its holdings in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. acquired a new stake in Invitation Homes in the fourth quarter worth $48,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on INVH shares. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays reiterated an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of “Hold” and a consensus target price of $37.56.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.89 on Friday. The firm has a market cap of $20.76 billion, a price-to-earnings ratio of 47.73, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The firm’s 50-day simple moving average is $32.18 and its two-hundred day simple moving average is $33.20.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

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

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.