Wolverine Asset Management LLC Sells 31,901 Shares of Invitation Homes Inc. (NYSE:INVH)

Wolverine Asset Management LLC lessened its position in shares of Invitation Homes Inc. (NYSE:INVH) by 71.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,568 shares of the company’s stock after selling 31,901 shares during the period. Wolverine Asset Management LLC’s holdings in Invitation Homes were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its stake in Invitation Homes by 2.2% in the 3rd quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock valued at $555,000 after purchasing an additional 372 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Invitation Homes by 2.4% in the 3rd quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock valued at $563,000 after purchasing an additional 421 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Invitation Homes by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after purchasing an additional 473 shares during the last quarter. CWM LLC lifted its stake in Invitation Homes by 10.2% in the 3rd quarter. CWM LLC now owns 6,590 shares of the company’s stock valued at $209,000 after purchasing an additional 608 shares during the last quarter. Finally, Wealth Alliance increased its position in Invitation Homes by 9.0% in the 4th quarter. Wealth Alliance now owns 7,394 shares of the company’s stock valued at $252,000 after acquiring an additional 610 shares during the period. Institutional investors own 96.79% of the company’s stock.

Insider Buying and Selling at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

INVH has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Invitation Homes in a research report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research report on Thursday, March 7th. Mizuho upped their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. KeyCorp upped their price target on shares of Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, January 5th. Finally, Evercore ISI restated an “in-line” rating and issued a $36.00 price target on shares of Invitation Homes in a research report on Monday, March 18th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.19.

Invitation Homes Trading Up 0.7 %

NYSE:INVH opened at $34.71 on Friday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 2.04 and a beta of 0.94. The firm has a fifty day simple moving average of $34.34 and a two-hundred day simple moving average of $33.42. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.53.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. Analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 133.33%.

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.