Employees Retirement System of Texas Cuts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Employees Retirement System of Texas reduced its position in shares of Invitation Homes Inc. (NYSE:INVH) by 18.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 230,000 shares of the company’s stock after selling 53,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Invitation Homes were worth $7,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Invitation Homes during the fourth quarter valued at approximately $1,646,794,000. Geode Capital Management LLC lifted its holdings in Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company’s stock valued at $480,276,000 after acquiring an additional 365,954 shares during the period. Centersquare Investment Management LLC boosted its holdings in shares of Invitation Homes by 42.9% in the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock worth $412,366,000 after buying an additional 3,870,432 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after purchasing an additional 4,661,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock worth $210,952,000 after buying an additional 31,184 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Down 4.4 %

Shares of INVH opened at $32.49 on Monday. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The firm has a market capitalization of $19.91 billion, a P/E ratio of 45.76, a PEG ratio of 4.70 and a beta of 0.86. The firm’s 50-day moving average is $32.84 and its two-hundred day moving average is $33.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, research analysts predict 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 will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 158.90%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Invitation Homes has a consensus rating of “Hold” and an average price target 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.