Vident Advisory LLC Lowers Holdings in Invitation Homes Inc. (NYSE:INVH)

Vident Advisory LLC cut its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Lindbrook Capital LLC increased 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 last quarter. SRS Capital Advisors Inc. lifted its stake in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP boosted its position in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after buying an additional 702 shares during the period. Finally, Center for Financial Planning Inc. acquired a new position in Invitation Homes during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of NYSE INVH traded down $0.19 on Wednesday, hitting $33.19. The company's stock had a trading volume of 4,173,096 shares, compared to its average volume of 3,360,872. The stock has a 50 day moving average of $33.66 and a 200-day moving average of $32.91. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

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 for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Invitation Homes's revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. As a group, research analysts predict that Invitation Homes Inc. will post 1.83 EPS 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. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 150.65%.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of recent analyst reports. 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. Barclays upped their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Raymond James lifted their target price on Invitation Homes from $36.00 to $39.00 and gave the company 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 boosted their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Royal Bank of Canada raised their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday, May 2nd. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has a consensus rating of "Hold" and an average price target 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.