State of New Jersey Common Pension Fund D Sells 2,652 Shares of Invitation Homes Inc. (NYSE:INVH)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 668,433 shares of the company’s stock after selling 2,652 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.11% of Invitation Homes worth $21,370,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares during the last quarter. FMR LLC raised its position 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 buying an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Invitation Homes by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after buying an additional 248,701 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INVH has been the subject of several research analyst reports. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Barclays decreased their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Invitation Homes has an average rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Stock Performance

Shares of INVH opened at $31.44 on Tuesday. The company has a market cap of $19.26 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 4.62 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $31.59 and a 200-day moving average price of $33.61. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) 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.