Prudent Man Advisors LLC Lowers Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Prudent Man Advisors LLC lowered its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 30.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,467 shares of the company’s stock after selling 7,987 shares during the quarter. Prudent Man Advisors LLC’s holdings in Invitation Homes were worth $635,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Invitation Homes by 0.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,294 shares of the company’s stock valued at $1,077,000 after acquiring an additional 285 shares in the last quarter. Harvest Portfolios Group Inc. lifted its position in shares of Invitation Homes by 2.8% in the first quarter. Harvest Portfolios Group Inc. now owns 12,303 shares of the company’s stock valued at $384,000 after acquiring an additional 334 shares in the last quarter. Kentucky Retirement Systems lifted its position in shares of Invitation Homes by 0.7% in the first quarter. Kentucky Retirement Systems now owns 45,925 shares of the company’s stock valued at $1,434,000 after acquiring an additional 337 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Invitation Homes by 2.5% in the third quarter. Baird Financial Group Inc. now owns 14,330 shares of the company’s stock valued at $484,000 after acquiring an additional 345 shares in the last quarter. Finally, Artemis Wealth Advisors LLC lifted its position in shares of Invitation Homes by 8.4% in the second quarter. Artemis Wealth Advisors LLC now owns 4,441 shares of the company’s stock valued at $153,000 after acquiring an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INVH shares. HSBC started coverage on Invitation Homes in a report on Friday, September 29th. They issued a “buy” rating and a $38.00 price target for the company. Morgan Stanley increased their price target on Invitation Homes from $36.50 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Raymond James cut their price target on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Oppenheimer raised Invitation Homes from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Monday, October 30th. Finally, Evercore ISI cut their target price on Invitation Homes from $37.00 to $35.00 in a research note on Monday, October 9th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.26.

Invitation Homes Stock Down 0.1 %

NYSE INVH traded down $0.03 during trading on Monday, reaching $33.50. 141,198 shares of the company’s stock were exchanged, compared to its average volume of 2,938,479. The stock has a market cap of $20.50 billion, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 4.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. The company has a 50 day moving average price of $32.10 and a two-hundred day moving average price of $33.53. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a return on equity of 4.77% and a net margin of 20.52%. The business had revenue of $617.70 million for the quarter, compared to analysts’ expectations of $614.21 million. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.75 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Tuesday, November 7th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, November 6th. Invitation Homes’s payout ratio is currently 131.65%.

About Invitation Homes

Invitation Homes, an S&P 500 company, 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.