QRG Capital Management Inc. Sells 1,516 Shares of Invitation Homes Inc. (NYSE:INVH)

QRG Capital Management Inc. trimmed its stake in Invitation Homes Inc. (NYSE:INVH) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,208 shares of the company’s stock after selling 1,516 shares during the quarter. QRG Capital Management Inc.’s holdings in Invitation Homes were worth $1,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INVH. BOK Financial Private Wealth Inc. acquired a new stake in shares of Invitation Homes in the 1st quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in shares of Invitation Homes during the fourth quarter worth approximately $46,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock worth $74,000 after purchasing an additional 1,061 shares in the last quarter. Mather Group LLC. bought a new position in shares of Invitation Homes in the 1st quarter worth $75,000. Finally, GAMMA Investing LLC acquired a new stake in Invitation Homes in the 4th quarter valued at $79,000. 96.79% of the stock is owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on INVH shares. Barclays reduced their price objective on shares of Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Evercore ISI increased their price objective on Invitation Homes from $36.00 to $37.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Mizuho dropped their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. JPMorgan Chase & Co. upped their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, Raymond James raised their price objective on Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.06.

Invitation Homes Stock Performance

Shares of NYSE INVH traded down $0.02 during trading on Wednesday, reaching $35.81. 357,725 shares of the stock traded hands, compared to its average volume of 3,120,413. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $21.94 billion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. Invitation Homes Inc. has a 52-week low of $28.49 and a 52-week high of $36.53. The company has a 50-day moving average of $35.24 and a 200-day moving average of $34.44.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). The business had revenue of $646.04 million during the quarter, compared to the consensus estimate of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. Analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Thursday, June 27th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, June 27th. Invitation Homes’s payout ratio is currently 128.74%.

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.