GSI Capital Advisors LLC Has $6.41 Million Stake in Invitation Homes Inc. (NYSE:INVH)

GSI Capital Advisors LLC reduced its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,475 shares of the company's stock after selling 24,628 shares during the period. Invitation Homes makes up about 3.4% of GSI Capital Advisors LLC's investment portfolio, making the stock its 13th biggest holding. GSI Capital Advisors LLC's holdings in Invitation Homes were worth $6,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of INVH. Assetmark Inc. lifted its holdings in Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after buying an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Invitation Homes during the third quarter worth about $263,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Invitation Homes by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after acquiring an additional 31,184 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Invitation Homes during the 4th quarter valued at approximately $595,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of INVH stock traded down $0.94 during midday trading on Monday, reaching $31.61. 1,961,385 shares of the company were exchanged, compared to its average volume of 3,081,480. The company's 50 day moving average price is $32.84 and its two-hundred day moving average price is $33.02. The company has a market cap of $19.36 billion, a P/E ratio of 44.49, a PEG ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month 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 announced its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $659.13 million for the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.67%. Invitation Homes's dividend payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JMP Securities restated a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Wednesday, March 5th. Barclays reaffirmed an "overweight" rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $37.47.

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.