First Trust Advisors LP Sells 155,275 Shares of Invitation Homes Inc. (NYSE:INVH)

First Trust Advisors LP cut its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 60.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 100,870 shares of the company's stock after selling 155,275 shares during the period. First Trust Advisors LP's holdings in Invitation Homes were worth $3,225,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of INVH. Assetmark Inc. lifted its position in shares of Invitation Homes by 179.5% during the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after purchasing an additional 2,344 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 worth $210,952,000 after buying an additional 31,184 shares during the period. OFI Invest Asset Management acquired a new stake in Invitation Homes in the 4th quarter worth about $595,000. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Invitation Homes by 0.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock valued at $178,942,000 after acquiring an additional 44,945 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Invitation Homes during the fourth quarter valued at approximately $867,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Invitation Homes stock traded up $0.18 during midday trading on Friday, hitting $34.75. 444,259 shares of the company's stock were exchanged, compared to its average volume of 3,088,197. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The firm's 50 day simple moving average is $33.66 and its 200 day simple moving average is $32.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million during 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%. Invitation Homes's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. Equities research analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm 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 dividend yield of 3.34%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 150.65%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INVH. Keefe, Bruyette & Woods upped their price target on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Royal Bank of Canada increased their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday, May 2nd. Raymond James boosted their price objective on Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.88.

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.