UBS Group AG Lowers Stock Position in Invitation Homes Inc. (NYSE:INVH)

UBS Group AG reduced its stake in shares of Invitation Homes Inc. (NYSE:INVHFree Report) by 72.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 174,827 shares of the company’s stock after selling 455,417 shares during the period. UBS Group AG’s holdings in Invitation Homes were worth $5,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares in the last quarter. GAMMA Investing LLC purchased a new position in Invitation Homes in the 4th quarter worth approximately $79,000. Ninepoint Partners LP purchased a new position in Invitation Homes in the 4th quarter worth approximately $109,000. V Square Quantitative Management LLC lifted its holdings in Invitation Homes by 1,590.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,884 shares of the company’s stock worth $186,000 after purchasing an additional 5,536 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in Invitation Homes in the 4th quarter worth approximately $195,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the transaction, the director now owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The disclosure for this sale can be found here. Insiders have sold 22,200 shares of company stock valued at $770,726 in the last quarter. 0.28% of the stock is owned by insiders.

Invitation Homes Stock Performance

NYSE INVH opened at $34.87 on Friday. The company has a market cap of $21.36 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.14 and a beta of 0.99. 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 business’s 50 day moving average price is $34.58 and its 200-day moving average price is $34.08. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53.

Invitation Homes (NYSE:INVHGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The business had revenue of $646.04 million during the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. Sell-side analysts predict that Invitation Homes Inc. will post 1.82 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.21%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup reissued a “neutral” rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. Raymond James upped their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, March 7th. Finally, Barclays decreased their price objective on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.12.

Check Out Our Latest Analysis on INVH

Invitation Homes Company Profile

(Free Report)

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.

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

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