Quantinno Capital Management LP Lowers Stake in Invitation Homes Inc. (NYSE:INVH)

Quantinno Capital Management LP cut its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 38.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,339 shares of the company's stock after selling 13,845 shares during the quarter. Quantinno Capital Management LP's holdings in Invitation Homes were worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cohen & Steers Inc. lifted its stake in Invitation Homes by 1.7% in the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock valued at $1,970,744,000 after buying an additional 1,019,377 shares in the last quarter. Norges Bank purchased a new position in Invitation Homes in the 4th quarter valued at about $1,646,794,000. Geode Capital Management LLC lifted its stake in Invitation Homes by 2.5% in the 4th 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 stake in Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after buying an additional 3,870,432 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.2%

Shares of NYSE INVH traded up $0.40 during midday trading on Tuesday, reaching $33.41. 4,678,479 shares of the stock were exchanged, compared to its average volume of 3,357,619. The company 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 capitalization of $20.48 billion, a P/E ratio of 47.05, a PEG ratio of 4.70 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The business had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 EPS. As a group, equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%. Invitation Homes's payout ratio is currently 150.65%.

Analyst Ratings Changes

A number of analysts have commented on INVH shares. 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 report on Monday, May 12th. 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 report on Tuesday, May 6th. 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 report on Tuesday, May 6th. 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 report on Monday, May 5th. Finally, 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 report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Invitation Homes currently has an average rating of "Hold" and a consensus target price of $37.94.

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.