Invitation Homes Inc. (NYSE:INVH) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its holdings in Invitation Homes Inc. (NYSE:INVH) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,734 shares of the company’s stock after selling 2,635 shares during the period. Truist Financial Corp’s holdings in Invitation Homes were worth $3,129,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after acquiring an additional 1,061 shares in the last quarter. GAMMA Investing LLC acquired a new position in Invitation Homes during the 4th quarter worth $79,000. NBC Securities Inc. purchased a new stake in Invitation Homes during the 3rd quarter worth about $86,000. Sentry Investment Management LLC acquired a new stake in Invitation Homes in the 3rd quarter valued at about $106,000. Finally, Ninepoint Partners LP acquired a new stake in Invitation Homes in the 4th quarter valued at about $109,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the sale, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $34.98 on Wednesday. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The company has a 50-day simple moving average of $34.58 and a 200-day simple moving average of $33.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. The company had revenue of $624.32 million during the quarter, compared to analysts’ expectations of $623.51 million. On average, analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Invitation Homes in a research note on Tuesday, January 30th. They issued a “hold” rating and a $35.00 price target for the company. Evercore ISI reissued an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Thursday, February 15th. Finally, JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

About Invitation Homes

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.