Invitation Homes Inc. (NYSE:INVH) Stock Holdings Lowered by Zimmer Partners LP

Zimmer Partners LP reduced its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,500 shares of the company's stock after selling 25,000 shares during the quarter. Zimmer Partners LP's holdings in Invitation Homes were worth $4,396,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Assetmark Inc. grew its position in shares of Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the period. Capital World Investors acquired a new stake in shares of Invitation Homes in the fourth quarter worth approximately $4,891,000. Charles Schwab Investment Management Inc. grew its holdings in Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after purchasing an additional 31,184 shares during the period. Toronto Dominion Bank raised its stake in Invitation Homes by 6.6% during the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after purchasing an additional 19,084 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Invitation Homes in the 4th quarter valued at $595,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on INVH. Raymond James increased 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. Royal Bank of Canada lifted their price target 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. Oppenheimer increased 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. Scotiabank lifted their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Nine equities 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, Invitation Homes presently has a consensus rating of "Hold" and a consensus price target of $37.94.

Invitation Homes Stock Down 0.3%

NYSE INVH traded down $0.09 on Monday, hitting $33.01. 2,680,055 shares of the stock traded hands, compared to its average volume of 3,352,315. 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 stock has a 50-day moving average of $33.69 and a 200 day moving average of $32.91. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The company has a market capitalization of $20.23 billion, a P/E ratio of 46.50, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

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

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.51%. Invitation Homes's payout ratio is 150.65%.

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.