State of Alaska Department of Revenue Trims Position in Invitation Homes Inc. (NYSE:INVH)

State of Alaska Department of Revenue lowered its stake in Invitation Homes Inc. (NYSE:INVH) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,200 shares of the company’s stock after selling 18,070 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Invitation Homes worth $11,514,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after acquiring an additional 780,760 shares in the last quarter. Finally, FMR LLC lifted its holdings in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INVH shares. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 24th. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Royal Bank of Canada dropped their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Up 0.2 %

INVH stock opened at $31.59 on Friday. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 4.55 and a beta of 1.04. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The firm has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $33.82. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.67%. Invitation Homes’s dividend payout ratio is 163.38%.

About Invitation Homes

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.