Federated Hermes Inc. Has $109,000 Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Federated Hermes Inc. cut its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 74.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,400 shares of the company's stock after selling 9,951 shares during the quarter. Federated Hermes Inc.'s holdings in Invitation Homes were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently weighed in on INVH. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Raymond James cut their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price target 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. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.38.

Invitation Homes Price Performance

Shares of INVH remained flat at $33.95 during mid-day trading on Thursday. The stock had a trading volume of 302,721 shares, compared to its average volume of 3,347,096. The stock's fifty day moving average price is $33.20 and its 200-day moving average price is $32.79. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.81 billion, a P/E ratio of 47.82, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $658.71 million. As a group, equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

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.