Oppenheimer Asset Management Inc. Decreases Stake in Invitation Homes Inc. (NYSE:INVH)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 21.0% in the 4th quarter, Holdings Channel reports. The fund owned 44,046 shares of the company’s stock after selling 11,720 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Invitation Homes were worth $1,408,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Capital Square LLC grew its position in shares of Invitation Homes by 1.3% in the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after purchasing an additional 308 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after buying an additional 408 shares during the last quarter. Carnegie Lake Advisors LLC grew its holdings in Invitation Homes by 1.5% in the 4th quarter. Carnegie Lake Advisors LLC now owns 34,957 shares of the company’s stock valued at $1,118,000 after buying an additional 500 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Invitation Homes by 11.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,571 shares of the company’s stock worth $232,000 after acquiring an additional 675 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after acquiring an additional 699 shares during the period. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Up 1.1 %

Shares of INVH opened at $34.40 on Tuesday. The company’s 50-day simple moving average is $31.52 and its 200-day simple moving average is $33.42. 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 1 year low of $30.13 and a 1 year high of $37.80. The stock has a market capitalization of $21.07 billion, a PE ratio of 48.45, a P/E/G ratio of 4.70 and a beta of 1.04.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective 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. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Barclays lowered their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.