Amalgamated Bank Decreases Holdings in Invitation Homes Inc. (NYSE:INVH)

Amalgamated Bank decreased its holdings in Invitation Homes Inc. (NYSE:INVH) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,985 shares of the company’s stock after selling 2,248 shares during the period. Amalgamated Bank’s holdings in Invitation Homes were worth $3,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 worth $194,621,000 after purchasing an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after acquiring an additional 1,089,281 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after acquiring an additional 997,353 shares during the last quarter. National Bank of Canada FI boosted its holdings in Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after acquiring an additional 780,760 shares during the period. Finally, FMR LLC grew its position in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.02 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average price is $31.48 and its 200-day moving average price is $33.45. The stock has a market cap of $20.84 billion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share 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 business had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. On average, equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors 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 yield of 3.41%. The ex-dividend date was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Analyst Ratings Changes

Several analysts have weighed in on INVH shares. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada cut their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.