TCW Group Inc. Reduces Position in Invitation Homes Inc. (NYSE:INVH)

TCW Group Inc. decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,171 shares of the company’s stock after selling 5,112 shares during the quarter. TCW Group Inc.’s holdings in Invitation Homes were worth $1,156,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Invitation Homes by 767.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after purchasing an additional 4,883,564 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares during the period. National Bank of Canada FI grew its holdings in shares of Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares during the period. Finally, FMR LLC grew its holdings in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Down 0.4 %

NYSE INVH opened at $31.78 on Tuesday. The firm has a 50 day simple moving average of $31.46 and a 200-day simple moving average of $33.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 4.70 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. Invitation Homes’s dividend payout ratio (DPR) is presently 163.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INVH shares. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Barclays decreased their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.47.

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.