Hartford Investment Management Co. Sells 675 Shares of Invitation Homes Inc. (NYSE:INVH)

Hartford Investment Management Co. trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 34,883 shares of the company’s stock after selling 675 shares during the quarter. Hartford Investment Management Co.’s holdings in Invitation Homes were worth $1,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invitation Homes by 767.8% in the 3rd 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 acquiring an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. raised its position in 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 last quarter. National Bank of Canada FI boosted its stake in shares of Invitation Homes by 214.5% during 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 in the last quarter. Finally, FMR LLC grew its holdings in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of research reports. 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. Barclays cut their price target on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Royal Bank of Canada decreased their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes Stock Down 1.2 %

Shares of NYSE INVH opened at $31.44 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.26 billion, a PE ratio of 44.29, a P/E/G ratio of 4.62 and a beta of 1.04. The company’s fifty day simple moving average is $31.63 and its 200 day simple moving average is $33.66. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is 163.38%.

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.