Pictet Asset Management Holding SA Sells 8,664 Shares of Invitation Homes Inc. (NYSE:INVH)

Pictet Asset Management Holding SA decreased its position in Invitation Homes Inc. (NYSE:INVH) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,812 shares of the company’s stock after selling 8,664 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Invitation Homes worth $11,823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in Invitation Homes by 3.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 932,807 shares of the company’s stock valued at $29,822,000 after purchasing an additional 35,214 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Invitation Homes during the fourth quarter worth approximately $7,885,000. Norges Bank bought a new stake in shares of Invitation Homes in the fourth quarter valued at approximately $1,646,794,000. NEOS Investment Management LLC grew its stake in shares of Invitation Homes by 30.5% in the fourth quarter. NEOS Investment Management LLC now owns 31,942 shares of the company’s stock worth $1,021,000 after acquiring an additional 7,461 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in Invitation Homes by 7.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 243,532 shares of the company’s stock worth $7,786,000 after acquiring an additional 16,216 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Up 0.5 %

Shares of INVH stock opened at $34.71 on Thursday. The company has a market capitalization of $21.27 billion, a P/E ratio of 48.89, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $32.73 and a 200 day moving average price of $33.09.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.34%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Analysts Set New Price Targets

INVH has been the subject of a number of research reports. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Barclays restated an “overweight” rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Invitation Homes currently has an average rating of “Hold” and a consensus price target of $37.47.

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.