Sentry Investment Management LLC Has $69,000 Stock Position in Invitation Homes Inc. (NYSE:INVH)

Sentry Investment Management LLC lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,165 shares of the company’s stock after selling 352 shares during the period. Sentry Investment Management LLC’s holdings in Invitation Homes were worth $69,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Creative Planning lifted its position in shares of Invitation Homes by 2.4% in the 3rd quarter. Creative Planning now owns 26,129 shares of the company’s stock worth $921,000 after purchasing an additional 600 shares during the period. Assenagon Asset Management S.A. raised its stake in Invitation Homes by 11.4% during the third quarter. Assenagon Asset Management S.A. now owns 6,571 shares of the company’s stock worth $232,000 after buying an additional 675 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Invitation Homes by 30.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,650 shares of the company’s stock worth $2,613,000 after buying an additional 17,277 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Invitation Homes by 6.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,885 shares of the company’s stock valued at $454,000 after buying an additional 752 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in Invitation Homes by 15.7% during the third quarter. First Trust Direct Indexing L.P. now owns 10,680 shares of the company’s stock valued at $377,000 after acquiring an additional 1,450 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.35 on Friday. The stock has a market cap of $20.43 billion, a price-to-earnings ratio of 46.97, a PEG ratio of 4.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The firm’s 50-day simple moving average is $31.45 and its 200 day simple moving average is $33.45.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.48%. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Royal Bank of Canada lowered 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. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Company 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.