State of Michigan Retirement System Lowers Stake in Invitation Homes Inc. (NYSE:INVH)

State of Michigan Retirement System lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 154,600 shares of the company’s stock after selling 600 shares during the period. State of Michigan Retirement System’s holdings in Invitation Homes were worth $4,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INVH. Capital Square LLC lifted its position in shares of Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock worth $837,000 after purchasing an additional 308 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after buying an additional 408 shares during the period. Carnegie Lake Advisors LLC grew its stake in shares of Invitation Homes by 1.5% in the fourth quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company’s stock worth $1,118,000 after acquiring an additional 500 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of Invitation Homes by 53.2% during the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after acquiring an additional 699 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.8 %

NYSE:INVH opened at $33.81 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The stock’s 50 day moving average price is $31.62 and its 200 day moving average price is $33.41. The company has a market capitalization of $20.72 billion, a PE ratio of 47.62, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 EPS 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%. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.43%. Invitation Homes’s dividend payout ratio is 158.90%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INVH. 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 report on Thursday, January 2nd. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays reduced their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday. 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.com, the stock presently has an average rating of “Hold” and an average target price of $37.53.

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.