Invitation Homes Inc. (NYSE:INVH) Shares Sold by Zimmer Partners LP

Zimmer Partners LP trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 15.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 137,500 shares of the company’s stock after selling 25,000 shares during the period. Zimmer Partners LP’s holdings in Invitation Homes were worth $4,396,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in INVH. Norges Bank acquired a new position in shares of Invitation Homes during the fourth quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. lifted its position in Invitation Homes by 74.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock worth $350,041,000 after purchasing an additional 4,661,213 shares during the period. Centersquare Investment Management LLC boosted its stake in Invitation Homes by 42.9% during the 4th quarter. Centersquare Investment Management LLC now owns 12,898,533 shares of the company’s stock valued at $412,366,000 after purchasing an additional 3,870,432 shares in the last quarter. Northern Trust Corp increased its position in shares of Invitation Homes by 27.3% during the 4th quarter. Northern Trust Corp now owns 6,820,769 shares of the company’s stock valued at $218,060,000 after purchasing an additional 1,463,236 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Invitation Homes by 110.1% in the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company’s stock worth $69,004,000 after buying an additional 1,131,029 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on INVH shares. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Royal Bank of Canada increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. Finally, Oppenheimer raised 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.94.

Invitation Homes Stock Down 0.2%

Shares of NYSE:INVH opened at $34.33 on Wednesday. The firm has a 50 day simple moving average of $33.72 and a 200 day simple moving average of $32.90. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $21.04 billion, a PE ratio of 48.35, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87.

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

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.38%. The ex-dividend date was Thursday, March 27th. Invitation Homes’s payout ratio is 150.65%.

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.