Invitation Homes Inc. (NYSE:INVH) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 70.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,905 shares of the company’s stock after selling 23,254 shares during the period. Quantbot Technologies LP’s holdings in Invitation Homes were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of INVH. Lindbrook Capital LLC lifted its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after acquiring an additional 329 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares during the period. Brooklyn Investment Group purchased a new stake in Invitation Homes during the third quarter worth $49,000. Finally, Allworth Financial LP increased 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 valued at $43,000 after buying an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

INVH stock opened at $34.48 on Friday. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. 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 firm has a market capitalization of $21.12 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The business has a 50 day simple moving average of $32.51 and a 200-day simple moving average of $33.14.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during 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%. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INVH. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods raised their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Barclays restated an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and a consensus price target of $37.47.

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.