ING Groep NV Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

ING Groep NV lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,766 shares of the company’s stock after selling 3,428 shares during the quarter. ING Groep NV’s holdings in Invitation Homes were worth $2,326,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares during the period. FMR LLC raised its stake in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the period. Daiwa Securities Group Inc. raised its stake in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after acquiring an additional 248,701 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

INVH has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Barclays cut their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes presently has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Price Performance

Shares of INVH stock opened at $31.90 on Friday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The firm has a market capitalization of $19.54 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 4.70 and a beta of 1.04. 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 stock’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $33.53.

Invitation Homes Increases Dividend

The firm also recently declared 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 a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. Invitation Homes’s payout ratio is presently 163.38%.

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.