Nuveen Asset Management LLC Decreases Stock Position in Invitation Homes Inc. (NYSE:INVH)

Nuveen Asset Management LLC lowered its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,764,382 shares of the company's stock after selling 19,013 shares during the quarter. Nuveen Asset Management LLC owned about 0.61% of Invitation Homes worth $120,347,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. boosted its holdings in Invitation Homes by 179.5% in the fourth quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares in the last quarter. Capital World Investors acquired a new position in shares of Invitation Homes in the 4th quarter valued at $4,891,000. Charles Schwab Investment Management Inc. grew its position in shares of Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after buying an additional 31,184 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Invitation Homes during the 4th quarter worth $595,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in Invitation Homes by 0.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock valued at $178,942,000 after acquiring an additional 44,945 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on INVH shares. Scotiabank boosted their price objective on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Raymond James raised their price objective on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Oppenheimer increased their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Barclays increased their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $37.94.

Invitation Homes Trading Down 1.0%

Shares of Invitation Homes stock traded down $0.35 during mid-day trading on Thursday, hitting $33.23. 773,316 shares of the stock were exchanged, compared to its average volume of 3,324,024. The company has a 50-day simple moving average of $33.73 and a 200 day simple moving average of $32.90. 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 capitalization of $20.37 billion, a price-to-earnings ratio of 46.73, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $674.48 million for the quarter, compared to the consensus estimate of $663.77 million. During the same period in the prior year, the business posted $0.47 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.49%. Invitation Homes's payout ratio is 150.65%.

Invitation Homes 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.