Invitation Homes Inc. (NYSE:INVH) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 11.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 19,493 shares of the company’s stock after selling 2,536 shares during the period. Cerity Partners LLC’s holdings in Invitation Homes were worth $673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Invitation Homes by 1.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after purchasing an additional 408 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Invitation Homes by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock worth $235,000 after buying an additional 412 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV grew its holdings in shares of Invitation Homes by 2.8% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock worth $506,000 after buying an additional 442 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on INVH shares. Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Barclays reaffirmed an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, Raymond James lowered their price objective on Invitation Homes from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and a consensus target price of $37.38.

Invitation Homes Price Performance

Shares of INVH opened at $33.61 on Monday. The firm has a fifty day moving average price of $33.06 and a 200 day moving average price of $32.78. The stock has a market cap of $20.60 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

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.