Invitation Homes Inc. (NYSE:INVH) Shares Sold by Zimmer Partners LP

Zimmer Partners LP lowered its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period.

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

Invitation Homes Stock Performance

Shares of NYSE:INVH traded down $0.09 during trading on Friday, hitting $33.01. 2,680,055 shares of the stock traded hands, compared to its average volume of 3,343,771. 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 company has a market cap of $20.23 billion, a price-to-earnings ratio of 46.50, a P/E/G ratio of 4.70 and a beta of 0.87. The company has a fifty day moving average price of $33.69 and a two-hundred day moving average price of $32.91. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80.

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

Invitation Homes Announces Dividend

The company also recently announced 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. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 150.65%.

Analyst Ratings Changes

Several equities analysts recently commented on INVH shares. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. 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. 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. Raymond James increased their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, May 5th. 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 currently has an average rating of "Hold" and a consensus target price of $37.94.

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.