Invitation Homes $INVH Stock Holdings Lessened by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Invitation Homes (NYSE:INVH) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,123,454 shares of the company’s stock after selling 117,538 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Invitation Homes were worth $55,911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Clearstead Trust LLC purchased a new position in Invitation Homes during the second quarter valued at approximately $28,000. Parkside Financial Bank & Trust grew its position in Invitation Homes by 110.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,018 shares of the company’s stock worth $31,000 after acquiring an additional 535 shares in the last quarter. Raiffeisen Bank International AG grew its position in Invitation Homes by 174.5% in the second quarter. Raiffeisen Bank International AG now owns 1,301 shares of the company’s stock worth $40,000 after acquiring an additional 827 shares in the last quarter. Essential Partners LLC grew its position in Invitation Homes by 353.7% in the first quarter. Essential Partners LLC now owns 1,883 shares of the company’s stock worth $47,000 after acquiring an additional 1,468 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Invitation Homes by 59.5% during the 2nd quarter. IFP Advisors Inc now owns 1,745 shares of the company’s stock valued at $53,000 after purchasing an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on INVH. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Homes in a report on Thursday, August 27th. Jefferies Financial Group upgraded Invitation Homes to a “hold” rating in a report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on Invitation Homes from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Compass Point raised Invitation Homes to a “hold” rating in a research report on Thursday, July 9th. Finally, Oppenheimer upped their price target on Invitation Homes from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.00.

Invitation Homes Stock Down 1.1%

NYSE INVH opened at $26.57 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a 50-day simple moving average of $27.31 and a 200 day simple moving average of $27.79. Invitation Homes has a twelve month low of $24.25 and a twelve month high of $30.89. The stock has a market cap of $15.31 billion, a PE ratio of 13.77, a PEG ratio of 4.00 and a beta of 0.81.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The company had revenue of $731.28 million during the quarter, compared to analysts’ expectations of $742.55 million. Invitation Homes had a net margin of 23.54% and a return on equity of 7.62%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 EPS. On average, research analysts forecast that Invitation Homes will post 1.90 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 24th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Thursday, September 24th. Invitation Homes’s dividend payout ratio (DPR) is currently 105.26%.

Invitation Homes Company Profile

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.