New York State Common Retirement Fund Has $16.10 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

New York State Common Retirement Fund reduced its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 471,945 shares of the company's stock after selling 50,360 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Invitation Homes worth $16,098,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in INVH. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company's stock valued at $74,000 after acquiring an additional 1,061 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Invitation Homes during the 3rd quarter valued at $86,000. Ninepoint Partners LP purchased a new position in shares of Invitation Homes during the 4th quarter valued at $109,000. Sentry Investment Management LLC purchased a new position in shares of Invitation Homes during the 3rd quarter valued at $106,000. Finally, Signaturefd LLC grew its holdings in shares of Invitation Homes by 16.8% during the 3rd quarter. Signaturefd LLC now owns 5,397 shares of the company's stock valued at $171,000 after acquiring an additional 777 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

NYSE:INVH traded down $0.14 during mid-day trading on Monday, hitting $34.58. The company's stock had a trading volume of 2,606,871 shares, compared to its average volume of 3,119,829. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 2.05 and a beta of 0.94. The stock has a fifty day moving average of $34.38 and a 200-day moving average of $33.45.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results 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). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The business had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.24%. Invitation Homes's dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INVH shares. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Invitation Homes in a report on Thursday, February 15th. Evercore ISI reiterated an "in-line" rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Tuesday, February 27th. Raymond James upped their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Finally, JMP Securities restated a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.19.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company's stock.

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.