New York State Common Retirement Fund Has $10.55 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

New York State Common Retirement Fund lowered its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 330,016 shares of the company’s stock after selling 16,600 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Invitation Homes worth $10,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INVH. State Street Corp lifted its holdings in shares of Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares in the last quarter. FMR LLC raised its position in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after acquiring an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after acquiring an additional 248,701 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 worth $221,709,000 after acquiring an additional 1,089,281 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Price Performance

INVH opened at $31.78 on Tuesday. The firm has a 50-day moving average price of $31.46 and a 200-day moving average price of $33.49. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. 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 company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 4.70 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.65%. Invitation Homes’s payout ratio is presently 163.38%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on INVH shares. Barclays dropped their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Royal Bank of Canada reduced their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes has a consensus rating of “Hold” and a consensus target price of $37.47.

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.