Advisors Asset Management Inc. Sells 5,076 Shares of Invitation Homes Inc. (NYSE:INVH)

Advisors Asset Management Inc. lessened its holdings in Invitation Homes Inc. (NYSE:INVH) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,298 shares of the company’s stock after selling 5,076 shares during the period. Advisors Asset Management Inc.’s holdings in Invitation Homes were worth $2,753,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Invitation Homes during the 4th quarter valued at approximately $1,346,883,000. Boston Partners purchased a new stake in Invitation Homes in the fourth quarter worth $105,282,000. Goldman Sachs Group Inc. lifted its position in shares of Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock worth $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. First Financial Bankshares Inc purchased a new stake in shares of Invitation Homes during the fourth quarter valued at $45,104,000. Finally, Cohen & Steers Inc. grew its holdings in shares of Invitation Homes by 1.3% in the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after purchasing an additional 1,008,392 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. JPMorgan Chase & Co. upped their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Scotiabank boosted their price target on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $38.00 price objective on shares of Invitation Homes in a research note on Monday, June 17th. Finally, Mizuho cut their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and an average target price of $38.44.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH traded up $0.87 during trading hours on Friday, reaching $34.07. 7,097,638 shares of the company traded hands, compared to its average volume of 3,737,952. The company has a quick ratio of 0.21, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average price of $35.30 and a 200-day moving average price of $34.51. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.92. The stock has a market capitalization of $20.87 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.04 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Equities analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Thursday, June 27th. Invitation Homes’s dividend payout ratio is presently 128.74%.

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.