Invitation Homes Inc. (NYSE:INVH) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC decreased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 86.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,626 shares of the company's stock after selling 315,478 shares during the quarter. Voloridge Investment Management LLC's holdings in Invitation Homes were worth $1,619,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INVH. Scotiabank increased their price target on Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Barclays upped their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their price target on shares of Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Royal Bank of Canada upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Finally, 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. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.94.

Invitation Homes Price Performance

INVH traded down $0.04 during trading on Monday, reaching $33.66. The company's stock had a trading volume of 2,782,483 shares, compared to its average volume of 3,383,022. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 4.70 and a beta of 0.87. The firm has a fifty day simple moving average of $33.61 and a two-hundred day simple moving average of $32.90. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

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

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.45%. Invitation Homes's payout ratio is 150.65%.

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.