Kentucky Retirement Systems Has $1.56 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Kentucky Retirement Systems cut its stake in Invitation Homes Inc. (NYSE:INVH) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,685 shares of the company’s stock after selling 2,340 shares during the period. Kentucky Retirement Systems’ holdings in Invitation Homes were worth $1,556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cohen & Steers Inc. raised its holdings in Invitation Homes by 1.3% in the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after acquiring an additional 1,008,392 shares in the last quarter. Norges Bank acquired a new position in shares of Invitation Homes during the 4th quarter worth $1,346,883,000. Principal Financial Group Inc. raised its holdings in shares of Invitation Homes by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 20,923,484 shares of the company’s stock worth $713,700,000 after buying an additional 147,050 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of 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 buying an additional 3,351,424 shares in the last quarter. Finally, Centersquare Investment Management LLC raised its holdings in shares of 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 buying an additional 384,564 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Trading Up 2.6 %

Shares of NYSE INVH traded up $0.87 during trading on Friday, reaching $34.07. The company had a trading volume of 7,097,638 shares, compared to its average volume of 3,737,952. The company’s fifty day moving average price is $35.30 and its 200-day moving average price is $34.51. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $36.92. The stock has a market cap of $20.87 billion, a P/E ratio of 39.16, a PEG ratio of 2.10 and a beta of 0.99. The company has a quick ratio of 0.21, a current ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $646.04 million for the quarter, compared to the consensus estimate of $630.97 million. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.12 annualized dividend and a yield of 3.29%. Invitation Homes’s payout ratio is currently 128.74%.

Analysts Set New Price Targets

INVH has been the subject of a number of research analyst reports. Evercore ISI raised Invitation Homes from an “in-line” rating to an “outperform” rating and set a $37.00 price target for the company in a report on Friday. JPMorgan Chase & Co. boosted their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $38.00 price target on shares of Invitation Homes in a report on Monday, June 17th. Barclays lowered their price target on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $41.00 in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average price target of $38.44.

Insiders Place Their Bets

In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the sale, the director now directly owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

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.