Swiss National Bank Decreases Position in Invitation Homes (INVH)

Swiss National Bank reduced its stake in Invitation Homes (NYSE:INVH) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 995,316 shares of the company’s stock after selling 156,700 shares during the period. Swiss National Bank owned 0.32% of Invitation Homes worth $22,723,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its stake in Invitation Homes by 32.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 214,486 shares of the company’s stock worth $4,897,000 after buying an additional 52,360 shares in the last quarter. Prudential Financial Inc. raised its stake in Invitation Homes by 6,204.0% in the first quarter. Prudential Financial Inc. now owns 992,628 shares of the company’s stock worth $22,662,000 after buying an additional 976,882 shares in the last quarter. Victory Capital Management Inc. raised its stake in Invitation Homes by 21.0% in the first quarter. Victory Capital Management Inc. now owns 2,077,085 shares of the company’s stock worth $47,420,000 after buying an additional 360,940 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in Invitation Homes by 9.1% in the first quarter. Virginia Retirement Systems ET AL now owns 479,995 shares of the company’s stock worth $10,958,000 after buying an additional 40,100 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Invitation Homes by 16.5% in the first quarter. American Century Companies Inc. now owns 2,083,017 shares of the company’s stock worth $47,555,000 after buying an additional 295,204 shares in the last quarter.

A number of equities analysts recently issued reports on the stock. Zelman & Associates downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley assumed coverage on shares of Invitation Homes in a research note on Monday, March 12th. They set a “buy” rating and a $26.00 target price for the company. Zacks Investment Research raised shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday, April 18th. Robert W. Baird assumed coverage on shares of Invitation Homes in a research note on Wednesday, March 28th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Mizuho reaffirmed a “buy” rating and set a $25.00 target price on shares of Invitation Homes in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Invitation Homes has an average rating of “Buy” and an average price target of $25.78.

Shares of NYSE INVH opened at $21.98 on Friday. Invitation Homes has a fifty-two week low of $20.25 and a fifty-two week high of $24.30. The company has a quick ratio of 0.79, a current ratio of 0.63 and a debt-to-equity ratio of 1.14.

Invitation Homes (NYSE:INVH) last announced its earnings results on Monday, May 14th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.31). Invitation Homes had a negative net margin of 6.50% and a negative return on equity of 1.31%. The business had revenue of $423.70 million for the quarter, compared to the consensus estimate of $415.58 million. During the same period in the prior year, the business posted $0.25 EPS. Invitation Homes’s revenue for the quarter was up 77.4% on a year-over-year basis. equities research analysts expect that Invitation Homes will post 1.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Tuesday, May 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, May 14th. Invitation Homes’s dividend payout ratio is currently 169.23%.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With more than 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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