Invitation Homes Inc. (NYSE:INVH) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,759 shares of the company’s stock after selling 511 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Invitation Homes were worth $1,526,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Assetmark Inc. raised its holdings in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 1,232 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in Invitation Homes in the fourth quarter valued at approximately $48,000. Brooklyn Investment Group acquired a new stake in Invitation Homes in the third quarter valued at approximately $49,000. Finally, Huntington National Bank raised its holdings in Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after acquiring an additional 699 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH opened at $34.02 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. The company’s 50 day simple moving average is $31.52 and its 200-day simple moving average is $33.44. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes (NYSE:INVH) last announced its 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. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, equities analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several analyst reports. Barclays reduced their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes 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.