Inspire Investing LLC Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Inspire Investing LLC lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,863 shares of the company’s stock after selling 2,778 shares during the period. Inspire Investing LLC’s holdings in Invitation Homes were worth $1,978,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Capital Square LLC grew its stake in Invitation Homes by 1.3% during the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after acquiring an additional 308 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Invitation Homes by 6.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares during the period. CWM LLC grew its stake in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after buying an additional 351 shares during the period. 1620 Investment Advisors Inc. grew its stake in shares of Invitation Homes by 2.2% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 18,734 shares of the company’s stock valued at $661,000 after buying an additional 395 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Invitation Homes by 16.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,558 shares of the company’s stock valued at $128,000 after buying an additional 494 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Invitation Homes stock opened at $30.75 on Thursday. The firm has a market cap of $18.84 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 4.57 and a beta of 1.04. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $32.55 and its two-hundred day moving average is $34.15.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.77%. Invitation Homes’s dividend payout ratio is 163.38%.

Analyst Ratings Changes

Several analysts have recently weighed in on INVH shares. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. 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 note on Friday, November 1st. Barclays started coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Mizuho decreased their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.75.

Invitation Homes Company 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.