B. Metzler seel. Sohn & Co. AG Sells 84,486 Shares of Invitation Homes Inc. (NYSE:INVH)

B. Metzler seel. Sohn & Co. AG lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 61.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,817 shares of the company’s stock after selling 84,486 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Invitation Homes were worth $1,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Invitation Homes during the fourth quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. grew its holdings in shares of Invitation Homes by 74.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after buying an additional 4,661,213 shares during the period. National Bank of Canada FI grew its holdings in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares during the period. American Century Companies Inc. increased its position in shares of Invitation Homes by 46.8% in the 4th quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock valued at $39,737,000 after buying an additional 396,319 shares in the last quarter. Finally, State Street Corp raised its stake in Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after buying an additional 298,307 shares during the period. 96.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on INVH shares. Keefe, Bruyette & Woods increased their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Barclays reaffirmed an “overweight” rating and issued a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine 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 presently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes Trading Up 0.5 %

Invitation Homes stock opened at $34.71 on Thursday. The company has a market cap of $21.27 billion, a price-to-earnings ratio of 48.89, a P/E/G ratio of 4.70 and a beta of 0.86. The firm has a 50-day moving average of $32.73 and a 200-day moving average of $33.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. On average, equities analysts expect 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 will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.34%. Invitation Homes’s dividend payout ratio is presently 158.90%.

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.