Ethic Inc. Cuts Position in Invitation Homes Inc. (NYSE:INVH)

Ethic Inc. cut its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,068 shares of the company's stock after selling 9,826 shares during the period. Ethic Inc.'s holdings in Invitation Homes were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the last quarter. Czech National Bank lifted its holdings in shares of Invitation Homes by 6.4% during the 4th quarter. Czech National Bank now owns 123,528 shares of the company's stock worth $3,949,000 after acquiring an additional 7,472 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Invitation Homes by 24.1% during the 4th quarter. Park Avenue Securities LLC now owns 11,352 shares of the company's stock worth $363,000 after acquiring an additional 2,202 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Invitation Homes by 19.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock worth $376,000 after acquiring an additional 1,948 shares during the last quarter. Finally, Presima Securities ULC lifted its holdings in shares of Invitation Homes by 10.1% during the 4th quarter. Presima Securities ULC now owns 717,940 shares of the company's stock worth $22,953,000 after acquiring an additional 66,040 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

INVH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, May 5th. Oppenheimer lifted their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Scotiabank boosted their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Trading Up 1.4%

Shares of NYSE INVH traded up $0.46 during midday trading on Friday, hitting $34.49. 7,336,271 shares of the company traded hands, compared to its average volume of 3,331,108. Invitation Homes Inc. has a 12-month low of $29.37 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. The stock has a 50-day moving average price of $33.67 and a 200 day moving average price of $32.85. The firm has a market cap of $21.14 billion, a P/E ratio of 48.58, a P/E/G ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $674.48 million for the quarter, compared to analysts' expectations of $663.77 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. Invitation Homes's quarterly revenue was up 4.4% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is currently 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.