Voya Investment Management LLC Has $5.38 Million Position in Invitation Homes Inc. (NYSE:INVH)

Voya Investment Management LLC cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 67.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,167 shares of the company's stock after selling 352,383 shares during the period. Voya Investment Management LLC's holdings in Invitation Homes were worth $5,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lindbrook Capital LLC raised its stake in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after buying an additional 329 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after purchasing an additional 378 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in shares of Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after acquiring an additional 408 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invitation Homes by 5.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after purchasing an additional 412 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV lifted its position in shares of Invitation Homes by 2.8% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company's stock worth $506,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 0.2 %

Shares of NYSE:INVH traded up $0.08 during trading on Tuesday, reaching $35.07. The stock had a trading volume of 185,868 shares, compared to its average volume of 3,313,499. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The business has a fifty day moving average price of $33.60 and a 200-day moving average price of $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. The stock has a market cap of $21.49 billion, a P/E ratio of 49.40, a PEG ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating 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 return on equity of 4.36% and a net margin of 17.02%. Invitation Homes's quarterly 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 earnings per share. As a group, analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio is 150.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INVH. Royal Bank of Canada raised their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Friday. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft downgraded 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 report on Tuesday, January 21st. Finally, Oppenheimer lifted 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. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of "Hold" and an average price target of $37.76.

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.