Ensign Peak Advisors Inc Sells 25,662 Shares of Invitation Homes Inc. (NYSE:INVH)

Ensign Peak Advisors Inc decreased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,123 shares of the company's stock after selling 25,662 shares during the period. Ensign Peak Advisors Inc's holdings in Invitation Homes were worth $7,453,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of INVH. Norges Bank bought a new stake in Invitation Homes during the 4th quarter valued at $1,646,794,000. JPMorgan Chase & Co. lifted 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 during the period. Centersquare Investment Management LLC raised its stake in Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock worth $412,366,000 after acquiring an additional 3,870,432 shares during the period. Northern Trust Corp grew its holdings in Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock valued at $218,060,000 after buying an additional 1,463,236 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock valued at $69,004,000 after buying an additional 1,131,029 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on INVH shares. Raymond James lifted their target price on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. The Goldman Sachs Group increased their target price on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods increased their price objective on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Finally, Scotiabank increased their price target on Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Invitation Homes has an average rating of "Hold" and a consensus price target of $37.94.

Invitation Homes Stock Up 1.4%

INVH stock traded up $0.46 during trading hours on Friday, reaching $34.49. 7,336,271 shares of the stock were exchanged, compared to its average volume of 3,330,619. The firm's 50-day moving average is $33.67 and its 200-day moving average is $32.86. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 4.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. During the same quarter last year, the company posted $0.47 earnings per share. Invitation Homes's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

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.