GSI Capital Advisors LLC Sells 24,628 Shares of Invitation Homes Inc. (NYSE:INVH)

GSI Capital Advisors LLC decreased its stake in Invitation Homes Inc. (NYSE:INVH) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,475 shares of the company’s stock after selling 24,628 shares during the period. Invitation Homes comprises about 3.4% of GSI Capital Advisors LLC’s holdings, making the stock its 13th largest holding. GSI Capital Advisors LLC’s holdings in Invitation Homes were worth $6,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its stake in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after buying an additional 329 shares during the period. SRS Capital Advisors Inc. increased its position in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares during the last quarter. Allworth Financial LP increased its holdings in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes during the 4th quarter worth $48,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.0 %

INVH stock opened at $34.50 on Wednesday. The stock’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $33.09. The company has a market cap of $21.14 billion, a P/E ratio of 48.60, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

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

Invitation Homes Announces Dividend

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 given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s payout ratio is presently 158.90%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INVH. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays reiterated an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and an average target price of $37.47.

Invitation Homes 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.