Illinois Municipal Retirement Fund Sells 72,649 Shares of Invitation Homes Inc. (NYSE:INVH)

Illinois Municipal Retirement Fund cut its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 39.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,837 shares of the company's stock after selling 72,649 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Invitation Homes were worth $3,781,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INVH. CWM LLC increased its holdings in shares of Invitation Homes by 10.2% in the 3rd quarter. CWM LLC now owns 6,590 shares of the company's stock valued at $209,000 after purchasing an additional 608 shares during the period. AE Wealth Management LLC increased its holdings in shares of Invitation Homes by 11.3% in the 3rd quarter. AE Wealth Management LLC now owns 10,868 shares of the company's stock valued at $345,000 after purchasing an additional 1,105 shares during the period. Caprock Group LLC increased its holdings in shares of Invitation Homes by 17.5% in the 3rd quarter. Caprock Group LLC now owns 12,762 shares of the company's stock valued at $404,000 after purchasing an additional 1,899 shares during the period. Czech National Bank increased its holdings in shares of Invitation Homes by 46.1% in the 3rd quarter. Czech National Bank now owns 100,540 shares of the company's stock valued at $3,186,000 after purchasing an additional 31,724 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Invitation Homes by 2.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,260,976 shares of the company's stock valued at $39,960,000 after purchasing an additional 33,597 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Invitation Homes Stock Performance

Shares of NYSE:INVH traded up $0.16 during trading on Thursday, reaching $34.48. The stock had a trading volume of 2,653,496 shares, compared to its average volume of 3,117,958. The stock has a fifty day simple moving average of $34.31 and a two-hundred day simple moving average of $33.41. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 40.85, a P/E/G ratio of 2.02 and a beta of 0.94. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. As a group, analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.25%. Invitation Homes's payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on INVH shares. JMP Securities reiterated a "market outperform" rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Keefe, Bruyette & Woods cut their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 27th. KeyCorp raised their price objective on shares of Invitation Homes from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Friday, January 5th. Raymond James raised their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Thursday, March 28th. Finally, Oppenheimer raised their price objective on shares of Invitation Homes from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.19.

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.