Illinois Municipal Retirement Fund Sells 72,649 Shares of Invitation Homes Inc. (NYSE:INVH)

Illinois Municipal Retirement Fund cut its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,837 shares of the company’s stock after selling 72,649 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Invitation Homes were worth $3,781,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Invitation Homes by 1.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock valued at $146,569,000 after acquiring an additional 40,558 shares during the period. M&T Bank Corp raised its holdings in shares of Invitation Homes by 1.0% in the third quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock valued at $2,330,000 after buying an additional 756 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Invitation Homes by 5.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock valued at $1,233,000 after buying an additional 1,974 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Invitation Homes in the third quarter valued at about $3,481,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Invitation Homes by 23.9% in the third quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock valued at $2,620,000 after buying an additional 15,935 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, February 27th. Raymond James lifted their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Citigroup reiterated a “neutral” rating and issued a $39.00 price objective on shares of Invitation Homes in a research report on Friday, March 22nd. Mizuho lifted their price objective on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a research report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.19.

Invitation Homes Trading Up 0.5 %

NYSE:INVH opened at $34.31 on Thursday. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $21.01 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.94. The business’s 50-day simple moving average is $34.27 and its 200-day simple moving average is $33.40.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The business had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

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.