Swiss National Bank Has $65.27 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Swiss National Bank reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,913,616 shares of the company's stock after selling 54,600 shares during the quarter. Swiss National Bank owned about 0.31% of Invitation Homes worth $65,273,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company's stock valued at $74,000 after buying an additional 1,061 shares during the period. GAMMA Investing LLC acquired a new position in Invitation Homes in the fourth quarter valued at approximately $79,000. NBC Securities Inc. acquired a new position in Invitation Homes in the third quarter valued at approximately $86,000. Sentry Investment Management LLC acquired a new stake in Invitation Homes in the third quarter worth $106,000. Finally, Ninepoint Partners LP acquired a new stake in Invitation Homes in the fourth quarter worth $109,000. 96.79% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now owns 37,037 shares of the company's stock, valued at approximately $1,287,035.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company's stock.

Analyst Ratings Changes

INVH has been the topic of several analyst reports. Evercore ISI reiterated an "in-line" rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Tuesday, February 27th. Raymond James increased their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, Mizuho increased their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Invitation Homes has an average rating of "Moderate Buy" and a consensus price target of $38.19.

Invitation Homes Stock Up 1.2 %

Invitation Homes stock traded up $0.42 during mid-day trading on Monday, reaching $34.81. The company's stock had a trading volume of 6,979,645 shares, compared to its average volume of 3,235,156. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 40.01, a price-to-earnings-growth ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53. The business's 50 day simple moving average is $34.55 and its 200 day simple moving average is $33.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21.

Invitation Homes (NYSE:INVH - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.23). The business had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. As a group, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Wednesday, March 27th. Invitation Homes's dividend payout ratio (DPR) is presently 128.74%.

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.