Harbour Capital Advisors LLC Lowers Position in Invitation Homes Inc. (NYSE:INVH)

Harbour Capital Advisors LLC cut its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,875 shares of the company’s stock after selling 1,115 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Invitation Homes were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INVH. Canada Pension Plan Investment Board lifted its stake in Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock worth $558,611,000 after acquiring an additional 3,351,424 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Invitation Homes by 109.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock worth $40,644,000 after acquiring an additional 595,988 shares in the last quarter. Swedbank AB acquired a new position in Invitation Homes during the 1st quarter worth about $16,368,000. National Bank of Canada FI lifted its stake in Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after acquiring an additional 431,735 shares in the last quarter. Finally, Centersquare Investment Management LLC lifted its stake in Invitation Homes by 4.7% during the 1st quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after acquiring an additional 384,564 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on INVH. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Finally, UBS Group raised their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Invitation Homes Trading Down 0.1 %

Shares of INVH opened at $34.14 on Friday. The company has a market capitalization of $20.91 billion, a P/E ratio of 39.24, a P/E/G ratio of 4.71 and a beta of 1.01. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a 50-day moving average price of $35.44 and a 200 day moving average price of $35.16.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The business had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is presently 128.74%.

About Invitation Homes

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.