Jacobs Levy Equity Management Inc. Sells 19,062 Shares of Invitation Homes Inc. (NYSE:INVH)

Jacobs Levy Equity Management Inc. cut its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,010 shares of the company's stock after selling 19,062 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Invitation Homes were worth $2,430,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Invitation Homes in the fourth quarter valued at about $1,646,794,000. JPMorgan Chase & Co. increased its stake in shares of Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company's stock valued at $350,041,000 after buying an additional 4,661,213 shares during the period. Centersquare Investment Management LLC raised its holdings in Invitation Homes by 42.9% in the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company's stock valued at $412,366,000 after buying an additional 3,870,432 shares during the last quarter. Northern Trust Corp boosted its position in Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company's stock worth $218,060,000 after buying an additional 1,463,236 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company's stock worth $69,004,000 after acquiring an additional 1,131,029 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on INVH. Oppenheimer raised their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank of Canada raised their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Friday, May 2nd. Scotiabank upped their price target on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Raymond James raised their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Keefe, Bruyette & Woods upped their target price on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Stock Down 0.1%

Invitation Homes stock traded down $0.04 during mid-day trading on Monday, reaching $34.38. The stock had a trading volume of 2,091,252 shares, compared to its average volume of 3,326,149. The firm has a market capitalization 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 Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The stock's 50-day simple moving average is $33.67 and its 200-day simple moving average is $32.86. 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 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. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. During the same quarter in the previous year, the business posted $0.47 EPS. Invitation Homes's quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.37%. Invitation Homes's dividend payout ratio is presently 150.65%.

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.