Invitation Homes Inc. (NYSE:INVH) Shares Sold by Westpac Banking Corp

Westpac Banking Corp reduced its position in Invitation Homes Inc. (NYSE:INVH) by 14.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,044 shares of the company’s stock after selling 23,115 shares during the period. Westpac Banking Corp’s holdings in Invitation Homes were worth $4,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes in the fourth quarter valued at $48,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.71 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 48.89, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The business has a 50 day simple moving average of $32.73 and a 200-day simple moving average of $33.09.

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

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.34%. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INVH. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays reissued an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley lowered shares of 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 report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.