Invitation Homes Inc. (NYSE:INVH) is PGGM Investments’ 9th Largest Position

PGGM Investments decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,108,466 shares of the company’s stock after selling 22,129 shares during the period. Invitation Homes comprises approximately 2.2% of PGGM Investments’ investment portfolio, making the stock its 9th largest holding. PGGM Investments owned approximately 0.83% of Invitation Homes worth $163,318,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vestcor Inc lifted its stake in Invitation Homes by 14.2% in the 4th quarter. Vestcor Inc now owns 172,031 shares of the company’s stock valued at $5,500,000 after buying an additional 21,335 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Invitation Homes by 3,772.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,453 shares of the company’s stock valued at $142,000 after purchasing an additional 4,338 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Invitation Homes by 10.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,450 shares of the company’s stock valued at $238,000 after purchasing an additional 682 shares in the last quarter. GC Wealth Management RIA LLC grew its holdings in shares of Invitation Homes by 43.6% during the fourth quarter. GC Wealth Management RIA LLC now owns 23,334 shares of the company’s stock worth $746,000 after buying an additional 7,086 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Invitation Homes by 49.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 442,185 shares of the company’s stock valued at $14,137,000 after buying an additional 145,836 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.10 on Thursday. The firm has a market capitalization of $20.28 billion, a price-to-earnings ratio of 46.62, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The business’s 50 day simple moving average is $31.78 and its 200-day simple moving average is $33.34. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80.

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

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.50%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is presently 158.90%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INVH. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods increased their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Barclays reaffirmed an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.59.

Invitation Homes 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.