Two Sigma Securities LLC Trims Stake in Invitation Homes Inc. (NYSE:INVH)

Two Sigma Securities LLC reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 66.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,370 shares of the company's stock after selling 27,036 shares during the period. Two Sigma Securities LLC's holdings in Invitation Homes were worth $427,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after acquiring an additional 2,344 shares during the period. Capital World Investors acquired a new position in Invitation Homes during the 4th quarter worth about $4,891,000. Charles Schwab Investment Management Inc. increased its position in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after acquiring an additional 31,184 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Invitation Homes during the fourth quarter valued at approximately $595,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in Invitation Homes by 0.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock worth $178,942,000 after purchasing an additional 44,945 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Price Performance

NYSE:INVH traded up $0.29 during mid-day trading on Friday, hitting $35.40. 1,498,350 shares of the stock traded hands, compared to its average volume of 3,341,534. The company has a market cap of $21.69 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The business's 50-day moving average price is $33.47 and its 200 day moving average price is $32.81. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. On average, analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is presently 158.90%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays restated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Jefferies Financial Group downgraded Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $37.38.

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.