Vident Advisory LLC Has $1.18 Million Position in Invitation Homes Inc. (NYSE:INVH)

Vident Advisory LLC cut its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,005 shares of the company's stock after selling 16,622 shares during the period. Vident Advisory LLC's holdings in Invitation Homes were worth $1,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cohen & Steers Inc. boosted its position in Invitation Homes by 1.7% during the 4th quarter. Cohen & Steers Inc. now owns 61,645,138 shares of the company's stock worth $1,970,744,000 after acquiring an additional 1,019,377 shares during the period. Norges Bank acquired a new stake in shares of Invitation Homes in the 4th quarter worth approximately $1,646,794,000. Geode Capital Management LLC boosted its holdings in shares of Invitation Homes by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 15,059,390 shares of the company's stock valued at $480,276,000 after acquiring an additional 365,954 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Invitation Homes by 42.9% during the fourth quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after acquiring an additional 3,870,432 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Invitation Homes by 74.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock worth $350,041,000 after purchasing an additional 4,661,213 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Up 1.2%

INVH traded up $0.40 on Tuesday, reaching $33.41. 4,678,479 shares of the company traded hands, compared to its average volume of 3,357,619. The company has a market cap of $20.48 billion, a price-to-earnings 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 current ratio of 0.24 and a quick ratio of 0.24. The stock's 50 day moving average price is $33.68 and its 200-day moving average price is $32.90. 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The firm 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 company's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, sell-side analysts expect 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 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is 150.65%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INVH. The Goldman Sachs Group increased their price target on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Raymond James upped their price target on shares of Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Scotiabank lifted their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Invitation Homes presently has a consensus rating of "Hold" and a consensus 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.