Invitation Homes Inc. (NYSE:INVH) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 456,714 shares of the company’s stock after selling 15,334 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Invitation Homes worth $15,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Coppell Advisory Solutions Corp. acquired a new stake in Invitation Homes during the fourth quarter worth about $27,000. Coppell Advisory Solutions LLC acquired a new stake in Invitation Homes during the second quarter valued at $31,000. Clear Street Markets LLC raised its position in shares of Invitation Homes by 117.4% in the fourth quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock worth $32,000 after acquiring an additional 588 shares during the period. NBC Securities Inc. purchased a new position in Invitation Homes during the third quarter worth approximately $86,000. Finally, Covestor Ltd lifted its position in shares of Invitation Homes by 848.0% during the 1st quarter. Covestor Ltd now owns 2,351 shares of the company’s stock valued at $94,000 after buying an additional 2,103 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Up 1.6 %

Invitation Homes stock opened at $35.34 on Tuesday. The company has a market capitalization of $21.65 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The firm has a 50 day moving average price of $34.02 and a 200 day moving average price of $33.24.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. Research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.17%. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

Insider Transactions at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on INVH shares. BNP Paribas started coverage on shares of Invitation Homes in a report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price target for the company. Raymond James raised their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Invitation Homes in a research note on Tuesday, January 30th. They set a “hold” rating and a $35.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Invitation Homes in a research report on Thursday, February 15th. Finally, KeyCorp boosted their price target on Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.19.

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.