Invitation Homes Inc. (NYSE:INVH) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 60.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

Several other hedge funds also recently added to or reduced their stakes in INVH. Lindbrook Capital LLC grew its position in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted 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 purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC raised its position 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 buying an additional 378 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after buying an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in Invitation Homes during the 4th quarter valued at about $48,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

INVH stock traded down $0.08 on Tuesday, reaching $34.91. The company had a trading volume of 1,559,248 shares, compared to its average volume of 3,304,240. The company has a market cap of $21.40 billion, a P/E ratio of 49.17, a PEG ratio of 4.70 and a beta of 0.87. The company's fifty day moving average is $33.64 and its 200 day moving average is $32.83. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last released 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. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. During the same period last year, the business posted $0.47 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.32%. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INVH. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday. The Goldman Sachs Group upped their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday. Oppenheimer boosted their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday. Barclays restated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Raymond James decreased their target price on Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $37.59.

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.