Invitation Homes Inc. (NYSE:INVH) Stock Position Cut by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,030,257 shares of the company's stock after selling 22,264 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.17% of Invitation Homes worth $32,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GTS Securities LLC increased its position in Invitation Homes by 132.7% during the 4th quarter. GTS Securities LLC now owns 14,865 shares of the company's stock worth $475,000 after purchasing an additional 60,291 shares in the last quarter. Woodline Partners LP acquired a new stake in Invitation Homes during the 4th quarter worth approximately $1,089,000. Sophron Capital Management L.P. acquired a new stake in Invitation Homes during the 4th quarter worth approximately $3,177,000. Wexford Capital LP acquired a new stake in Invitation Homes during the 4th quarter worth approximately $320,000. Finally, Tidal Investments LLC increased its position in Invitation Homes by 10.0% during the 4th quarter. Tidal Investments LLC now owns 25,161 shares of the company's stock worth $804,000 after purchasing an additional 2,283 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on INVH shares. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Oppenheimer increased their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank of Canada increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Scotiabank increased their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of "Hold" and a consensus price target of $37.94.

Invitation Homes Stock Performance

INVH traded up $0.40 during trading hours on Tuesday, hitting $33.41. 4,678,479 shares of the stock were exchanged, compared to its average volume of 3,357,621. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a 50-day simple moving average of $33.68 and a 200-day simple moving average of $32.90. The stock has a market cap of $20.48 billion, a price-to-earnings ratio of 47.05, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same period last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.47%. Invitation Homes's dividend payout ratio 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.