Invitation Homes Inc. (NYSE:INVH) Shares Sold by Zimmer Partners LP

Zimmer Partners LP decreased its stake in Invitation Homes Inc. (NYSE:INVH) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,500 shares of the company’s stock after selling 25,000 shares during the period. Zimmer Partners LP’s holdings in Invitation Homes were worth $4,396,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Invitation Homes in the 4th quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. increased its stake in shares of Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after buying an additional 4,661,213 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after acquiring an additional 3,870,432 shares in the last quarter. Northern Trust Corp raised its holdings in Invitation Homes by 27.3% in the fourth quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock valued at $218,060,000 after acquiring an additional 1,463,236 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company’s stock valued at $69,004,000 after acquiring an additional 1,131,029 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INVH shares. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Royal Bank of Canada increased their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price target on Invitation Homes from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Barclays lifted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.94.

Invitation Homes Trading Down 0.2%

Shares of NYSE:INVH opened at $34.33 on Wednesday. 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 company’s 50-day moving average price is $33.72 and its 200 day moving average price is $32.90. The company has a market cap of $21.04 billion, a PE ratio of 48.35, a P/E/G ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. Sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders 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 dividend on an annualized basis and a yield of 3.38%. Invitation Homes’s dividend payout ratio (DPR) is presently 150.65%.

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.