Kentucky Retirement Systems Sells 539 Shares of Invitation Homes Inc. (NYSE:INVH)

Kentucky Retirement Systems decreased its position in Invitation Homes Inc. (NYSE:INVH) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,150 shares of the company’s stock after selling 539 shares during the period. Kentucky Retirement Systems’ holdings in Invitation Homes were worth $1,252,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Handelsbanken Fonder AB raised its stake in shares of Invitation Homes by 11.3% during the 4th quarter. Handelsbanken Fonder AB now owns 421,425 shares of the company’s stock worth $13,473,000 after purchasing an additional 42,625 shares during the period. CIBC Asset Management Inc increased its holdings in Invitation Homes by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 88,154 shares of the company’s stock worth $2,818,000 after buying an additional 3,878 shares during the last quarter. Sanctuary Advisors LLC raised its position in Invitation Homes by 105.0% in the fourth quarter. Sanctuary Advisors LLC now owns 29,142 shares of the company’s stock worth $903,000 after acquiring an additional 14,929 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in Invitation Homes by 1.2% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after acquiring an additional 408 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $31.90 on Monday. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. 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 company has a market cap of $19.54 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. The company’s 50 day moving average is $31.48 and its 200 day moving average is $33.52.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price target 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. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective 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. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and an average target price of $37.47.

Invitation Homes Company 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.