Ensign Peak Advisors Inc Sells 25,662 Shares of Invitation Homes Inc. (NYSE:INVH)

Ensign Peak Advisors Inc reduced its position in Invitation Homes Inc. (NYSE:INVH) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,123 shares of the company’s stock after selling 25,662 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Invitation Homes were worth $7,453,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes in the 4th quarter valued at approximately $48,000. 96.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INVH shares. Barclays raised their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Scotiabank boosted their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Monday. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. The Goldman Sachs Group boosted their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Oppenheimer boosted their target price on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Tuesday, May 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.94.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.71 on Wednesday. The company has a fifty day moving average of $33.68 and a 200-day moving average of $32.84. The firm has a market capitalization of $20.66 billion, a P/E ratio of 47.48, a P/E/G ratio of 4.70 and a beta of 0.87. 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 twelve month low of $29.37 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million during the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were paid a $0.29 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.44%. Invitation Homes’s dividend payout ratio is currently 150.65%.

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.