Victory Capital Management Inc. Has $38.69 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Victory Capital Management Inc. decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,134,259 shares of the company's stock after selling 33,778 shares during the period. Victory Capital Management Inc. owned about 0.19% of Invitation Homes worth $38,690,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company's stock worth $74,000 after acquiring an additional 1,061 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Invitation Homes during the fourth quarter worth about $79,000. NBC Securities Inc. acquired a new stake in Invitation Homes in the third quarter worth about $86,000. Sentry Investment Management LLC acquired a new stake in Invitation Homes in the third quarter worth about $106,000. Finally, Ninepoint Partners LP acquired a new stake in Invitation Homes in the fourth quarter worth about $109,000. Institutional investors own 96.79% of the company's stock.

Insider Activity

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, 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 is available at this link. 0.28% of the stock is owned by corporate insiders.

Invitation Homes Stock Up 0.5 %

Shares of INVH traded up $0.18 during trading hours on Tuesday, reaching $34.98. The company's stock had a trading volume of 2,155,031 shares, compared to its average volume of 3,236,898. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 2.03 and a beta of 0.95. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $34.55 and a two-hundred day moving average of $33.54.

Invitation Homes (NYSE:INVH - Get Free Report) last issued 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 analyst estimates 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 predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.20%. Invitation Homes's dividend payout ratio is 128.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Invitation Homes in a report on Monday, January 22nd. They issued an "outperform" rating and a $39.00 price objective for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, March 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Thursday, February 15th. Mizuho upped their price objective 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. Finally, Raymond James upped their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.19.

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.