Aew Capital Management L P Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Aew Capital Management L P decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 6.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,804,944 shares of the company’s stock after selling 118,220 shares during the quarter. Invitation Homes comprises about 2.2% of Aew Capital Management L P’s holdings, making the stock its 18th biggest position. Aew Capital Management L P’s holdings in Invitation Homes were worth $61,567,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Alps Advisors Inc. grew its holdings in shares of Invitation Homes by 2.2% in the third quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock valued at $555,000 after purchasing an additional 372 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Invitation Homes by 2.4% in the third quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock valued at $563,000 after purchasing an additional 421 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Invitation Homes by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after purchasing an additional 473 shares during the period. CWM LLC lifted its position in Invitation Homes by 10.2% in the third quarter. CWM LLC now owns 6,590 shares of the company’s stock valued at $209,000 after buying an additional 608 shares during the last quarter. Finally, Wealth Alliance lifted its position in Invitation Homes by 9.0% in the fourth quarter. Wealth Alliance now owns 7,394 shares of the company’s stock valued at $252,000 after buying an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.7 %

Invitation Homes stock traded up $0.23 during mid-day trading on Friday, hitting $34.71. The company had a trading volume of 3,782,634 shares, compared to its average volume of 3,126,162. The stock has a market cap of $21.26 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 2.03 and a beta of 0.94. Invitation Homes Inc. has a 1 year low of $28.49 and a 1 year high of $36.53. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $34.34 and a 200 day moving average of $33.42.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $624.32 million during the quarter, compared to analysts’ expectations of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.23%. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group raised shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $41.00 in a research report on Tuesday, January 2nd. Mizuho increased their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Citigroup reissued a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Evercore ISI reissued an “in-line” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Monday, March 18th. Finally, BNP Paribas began coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They set an “outperform” rating and a $39.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.

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.