American Assets Capital Advisers LLC Sells 34,265 Shares of Invitation Homes Inc. (NYSE:INVH)

American Assets Capital Advisers LLC lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 20.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 133,983 shares of the company’s stock after selling 34,265 shares during the period. Invitation Homes accounts for about 1.4% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 21st biggest holding. American Assets Capital Advisers LLC’s holdings in Invitation Homes were worth $4,283,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after acquiring an additional 329 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP increased its stake 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 purchasing an additional 702 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INVH. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $33.00 to $36.00 in a research note on Thursday. Keefe, Bruyette & Woods boosted 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. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays reissued an “overweight” rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Invitation Homes presently has an average rating of “Hold” and a consensus target price of $37.65.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $33.46 on Friday. The stock has a 50 day moving average price of $31.86 and a 200-day moving average price of $33.30. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s payout ratio is currently 158.90%.

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.