California Public Employees Retirement System Sells 76,066 Shares of Invitation Homes Inc. (NYSE:INVH)

California Public Employees Retirement System decreased its holdings in Invitation Homes Inc. (NYSE:INVH) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 972,578 shares of the company’s stock after selling 76,066 shares during the period. California Public Employees Retirement System’s holdings in Invitation Homes were worth $31,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares during the last quarter. Allworth Financial LP increased its stake in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. bought a new position in shares of Invitation Homes during the fourth quarter worth approximately $48,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Performance

NYSE:INVH opened at $34.71 on Thursday. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. 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 stock’s 50-day simple moving average is $32.73 and its 200 day simple moving average is $33.09. The firm has a market capitalization of $21.27 billion, a PE ratio of 48.89, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting 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 the consensus estimate of $658.71 million. On average, analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Analysts Set New Price Targets

INVH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Barclays reissued an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has an average rating of “Hold” and a consensus 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.