Prana Capital Management LP Has $8.47 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Prana Capital Management LP lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,867 shares of the company's stock after selling 59,586 shares during the quarter. Prana Capital Management LP's holdings in Invitation Homes were worth $8,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in INVH. JPMorgan Chase & Co. grew its holdings in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Czech National Bank raised its holdings in Invitation Homes by 6.4% during the fourth quarter. Czech National Bank now owns 123,528 shares of the company's stock worth $3,949,000 after purchasing an additional 7,472 shares in the last quarter. Park Avenue Securities LLC lifted its position in Invitation Homes by 24.1% in the fourth quarter. Park Avenue Securities LLC now owns 11,352 shares of the company's stock worth $363,000 after purchasing an additional 2,202 shares during the period. Exchange Traded Concepts LLC boosted its stake in Invitation Homes by 19.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock valued at $376,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Presima Securities ULC increased its position in shares of Invitation Homes by 10.1% during the 4th quarter. Presima Securities ULC now owns 717,940 shares of the company's stock valued at $22,953,000 after purchasing an additional 66,040 shares during the period. Institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

INVH has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Oppenheimer boosted their price target on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank of Canada raised their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a research report on Friday, May 2nd. Finally, Raymond James boosted their target price on shares of Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes currently has an average rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Trading Down 0.1%

Invitation Homes stock traded down $0.05 during mid-day trading on Tuesday, hitting $34.35. The company's stock had a trading volume of 618,177 shares, compared to its average volume of 3,111,900. The business has a 50 day moving average price of $33.70 and a 200-day moving average price of $32.89. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 48.37, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million during the quarter, compared to the consensus estimate of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.38%. Invitation Homes's dividend payout ratio (DPR) is 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.