Resolution Capital Ltd Sells 2,861,129 Shares of Invitation Homes Inc. (NYSE:INVH)

Resolution Capital Ltd trimmed its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 35.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,182,986 shares of the company's stock after selling 2,861,129 shares during the period. Invitation Homes makes up about 3.0% of Resolution Capital Ltd's holdings, making the stock its 11th largest holding. Resolution Capital Ltd owned about 0.85% of Invitation Homes worth $165,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of INVH. Virtus ETF Advisers LLC increased its stake in shares of Invitation Homes by 7.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after buying an additional 319 shares during the period. Lindbrook Capital LLC increased its position in shares of Invitation Homes by 58.4% in the 4th 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 last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Invitation Homes by 58.5% in the 4th 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 in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Invitation Homes by 1.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after purchasing an additional 408 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Invitation Homes by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock worth $235,000 after purchasing an additional 412 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Oppenheimer upped their target price on Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods raised their price target on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, The Goldman Sachs Group increased their target price on Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $37.94.

Invitation Homes Price Performance

Invitation Homes stock traded down $0.03 during midday trading on Tuesday, reaching $34.38. The company's stock had a trading volume of 724,801 shares, compared to its average volume of 3,112,734. The business has a 50-day moving average price of $33.70 and a 200-day moving average price of $32.89. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $21.07 billion, a PE ratio of 48.42, 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 results on Wednesday, April 30th. The company reported $0.48 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%. The business's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. On average, sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, March 27th. 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.