Invitation Homes Inc. (NYSE:INVH) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 361,777 shares of the company's stock after selling 39,383 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Invitation Homes worth $11,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tidal Investments LLC lifted its stake in Invitation Homes by 39.0% in the third quarter. Tidal Investments LLC now owns 22,878 shares of the company's stock worth $807,000 after acquiring an additional 6,419 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock valued at $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Czech National Bank lifted its position in shares of Invitation Homes by 6.4% in the 4th 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 during the period. Park Avenue Securities LLC boosted its stake in shares of Invitation Homes by 24.1% during the fourth quarter. Park Avenue Securities LLC now owns 11,352 shares of the company's stock valued at $363,000 after purchasing an additional 2,202 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Invitation Homes by 19.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock valued at $376,000 after buying an additional 1,948 shares during the period. Institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on INVH shares. The Goldman Sachs Group lifted their price target on Invitation Homes from $39.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Oppenheimer increased their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and an average target price of $37.88.

Invitation Homes Stock Performance

NYSE INVH traded up $0.18 during trading hours on Friday, reaching $34.75. The stock had a trading volume of 1,809,851 shares, compared to its average volume of 3,313,049. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $21.30 billion, a P/E ratio of 48.94, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The stock has a fifty day moving average of $33.67 and a 200 day moving average of $32.84.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. Sell-side analysts predict that Invitation Homes Inc. will post 1.83 earnings per share 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 issued a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.34%. Invitation Homes's dividend payout ratio (DPR) is presently 150.65%.

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.