Invitation Homes Inc. (NYSE:INVH) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lowered its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,839 shares of the company's stock after selling 44,377 shares during the period. USS Investment Management Ltd's holdings in Invitation Homes were worth $4,566,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Virtus ETF Advisers LLC lifted its stake in shares of Invitation Homes by 7.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after acquiring an additional 319 shares during the period. Snowden Capital Advisors LLC lifted its stake in shares of Invitation Homes by 2.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company's stock worth $400,000 after acquiring an additional 319 shares during the period. Lindbrook Capital LLC lifted its stake 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 period. Smartleaf Asset Management LLC lifted its stake in shares of 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 acquiring an additional 378 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after acquiring an additional 408 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Price Performance

INVH traded down $0.24 during midday trading on Wednesday, reaching $33.15. 858,122 shares of the company's stock were exchanged, compared to its average volume of 3,347,888. 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 market capitalization of $20.32 billion, a PE ratio of 46.66, a P/E/G ratio of 4.70 and a beta of 0.87. The business's 50-day moving average price is $33.66 and its 200 day moving average price 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 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 company had revenue of $674.48 million during 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%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, equities analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is currently 150.65%.

Analyst Ratings Changes

INVH has been the subject of several recent analyst reports. Raymond James raised their target price on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Royal Bank of Canada raised 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 note on Friday, May 2nd. Barclays boosted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Invitation Homes currently has an average rating of "Hold" and an average price target 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.