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

Employees Retirement System of Texas lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,000 shares of the company's stock after selling 53,000 shares during the period. Employees Retirement System of Texas' holdings in Invitation Homes were worth $7,353,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in INVH. Lindbrook Capital LLC raised its holdings in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after acquiring an additional 329 shares during the last quarter. SRS Capital Advisors Inc. grew 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 worth $30,000 after purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP grew its position in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new stake in Invitation Homes in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of INVH stock traded up $0.19 during trading on Friday, reaching $33.69. 6,013,580 shares of the company's stock traded hands, compared to its average volume of 3,387,221. The company has a market capitalization of $20.65 billion, a P/E ratio of 47.45, a PEG ratio of 4.70 and a beta of 0.87. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm's 50-day moving average is $33.62 and its 200 day moving average is $32.91. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80.

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

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.44%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 150.65%.

Analyst Ratings Changes

INVH has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank of Canada upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Scotiabank upped their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $37.94.

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.