Invitation Homes Inc. (NYSE:INVH) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,004,135 shares of the company's stock after selling 1,001,145 shares during the period. Bank of America Corp DE owned approximately 0.33% of Invitation Homes worth $64,072,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Lindbrook Capital LLC boosted its stake in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares during the last quarter. SRS Capital Advisors Inc. raised 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 valued at $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC lifted its stake in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP boosted its position in shares of Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new position in shares of Invitation Homes in the 4th quarter worth $48,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE INVH traded up $0.46 during trading on Friday, hitting $34.49. The company had a trading volume of 7,336,271 shares, compared to its average volume of 3,328,029. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The stock has a fifty day simple moving average of $33.66 and a two-hundred day simple moving average of $32.85. 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 Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating 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 analyst estimates of $663.77 million. During the same quarter last year, the firm posted $0.47 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 150.65%.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent research reports. Scotiabank increased their price target on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a report on Monday. Barclays increased their target price on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Royal Bank of Canada upped their price target 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. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group increased their target price on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.94.

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.