Invitation Homes Inc. (NYSE:INVH) Stock Position Decreased by Xponance Inc.

Xponance Inc. cut its position in shares of Invitation Homes Inc. (NYSE:INVH) by 4.8% in the fourth quarter, Holdings Channel reports. The firm owned 85,401 shares of the company’s stock after selling 4,287 shares during the period. Xponance Inc.’s holdings in Invitation Homes were worth $2,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after acquiring an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Invitation Homes in the 3rd quarter valued at approximately $263,000. Charles Schwab Investment Management Inc. raised its stake in shares of Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares in the last quarter. Swedbank AB raised its stake in shares of Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after acquiring an additional 115,211 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Invitation Homes in the 3rd quarter valued at approximately $3,825,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.89 on Friday. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The firm has a market capitalization of $20.76 billion, a PE ratio of 47.73, a PEG ratio of 4.70 and a beta of 1.03. The business’s 50 day moving average is $32.18 and its 200-day moving average is $33.23. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is 158.90%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.65.

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.