Barclays PLC Decreases Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Barclays PLC reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 838,570 shares of the company’s stock after selling 343,654 shares during the quarter. Barclays PLC owned approximately 0.14% of Invitation Homes worth $26,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. Sterling Capital Management LLC boosted its holdings in shares of Invitation Homes by 5.3% in the 4th quarter. Sterling Capital Management LLC now owns 102,717 shares of the company’s stock worth $3,284,000 after buying an additional 5,161 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in Invitation Homes by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 269,111 shares of the company’s stock valued at $8,603,000 after acquiring an additional 1,680 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Invitation Homes during the 4th quarter valued at approximately $7,251,000. APG Asset Management N.V. purchased a new stake in shares of Invitation Homes during the 4th quarter worth approximately $9,698,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Invitation Homes by 1,394.8% in the 4th quarter. Renaissance Technologies LLC now owns 763,583 shares of the company’s stock worth $24,412,000 after purchasing an additional 712,500 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.7 %

Shares of INVH opened at $33.61 on Friday. 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 Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The company has a market capitalization of $20.60 billion, a P/E ratio of 47.34, a P/E/G ratio of 4.70 and a beta of 0.86. The firm’s 50 day simple moving average is $33.02 and its 200 day simple moving average is $32.81.

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

Invitation Homes Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on INVH. Raymond James lowered their target price 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. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and an average target price of $37.38.

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.