Stephens Inc. AR Cuts Stock Position in Invitation Homes Inc. (NYSE:INVH)

Stephens Inc. AR lowered its position in Invitation Homes Inc. (NYSE:INVHGet Rating) by 44.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,675 shares of the company’s stock after selling 10,965 shares during the period. Stephens Inc. AR’s holdings in Invitation Homes were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVH. Norges Bank purchased a new position in shares of Invitation Homes in the 4th quarter worth approximately $1,359,468,000. BlackRock Inc. grew its position in shares of Invitation Homes by 16.3% in the 4th quarter. BlackRock Inc. now owns 50,992,689 shares of the company’s stock worth $2,312,008,000 after buying an additional 7,152,163 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Invitation Homes by 63.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,522,964 shares of the company’s stock worth $543,353,000 after purchasing an additional 5,268,384 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Invitation Homes by 68.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 5,779,945 shares of the company’s stock worth $262,063,000 after purchasing an additional 2,354,147 shares during the last quarter. Finally, State Street Corp grew its position in Invitation Homes by 9.5% during the 4th quarter. State Street Corp now owns 25,760,607 shares of the company’s stock worth $1,167,986,000 after purchasing an additional 2,243,639 shares during the last quarter.

Invitation Homes Stock Performance

INVH opened at $37.98 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a fifty day moving average price of $36.27 and a 200 day moving average price of $38.75. Invitation Homes Inc. has a 1 year low of $33.15 and a 1 year high of $45.80. The stock has a market cap of $23.18 billion, a P/E ratio of 66.63, a P/E/G ratio of 3.51 and a beta of 0.89.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Tuesday, August 9th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, August 8th. Invitation Homes’s dividend payout ratio is presently 154.39%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INVH. KeyCorp dropped their target price on shares of Invitation Homes from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Credit Suisse Group dropped their target price on shares of Invitation Homes from $47.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 22nd. Evercore ISI set a $42.00 target price on shares of Invitation Homes in a research report on Monday, June 20th. Jefferies Financial Group dropped their target price on shares of Invitation Homes from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Finally, Oppenheimer started coverage on shares of Invitation Homes in a report on Monday, July 18th. They issued a “market perform” rating and a $39.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus price target of $44.34.

Invitation Homes Profile

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Invitation Homes is the nation's premier single-family home leasing 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.

See Also

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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