Hazelview Securities Inc. Cuts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Hazelview Securities Inc. lowered its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 862,076 shares of the company’s stock after selling 21,900 shares during the period. Invitation Homes makes up 5.7% of Hazelview Securities Inc.’s holdings, making the stock its 5th largest position. Hazelview Securities Inc.’s holdings in Invitation Homes were worth $30,233,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in INVH. Creekmur Asset Management LLC acquired a new position in shares of Invitation Homes during the 4th quarter valued at $46,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Invitation Homes by 96.5% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares during the period. Mather Group LLC. acquired a new position in shares of Invitation Homes during the 1st quarter valued at $75,000. GAMMA Investing LLC acquired a new position in shares of Invitation Homes during the 4th quarter valued at $79,000. Finally, Ninepoint Partners LP acquired a new position in shares of Invitation Homes during the 4th quarter valued at $109,000. Institutional investors own 96.79% of the company’s stock.

Insiders Place Their Bets

In related news, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Cohen Jana Barbe sold 7,200 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now directly owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Invitation Homes Stock Down 1.1 %

INVH traded down $0.39 during trading on Wednesday, reaching $35.15. 1,169,093 shares of the stock traded hands, compared to its average volume of 3,088,090. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $36.53. The stock’s 50-day simple moving average is $34.78 and its two-hundred day simple moving average is $34.28. The stock has a market cap of $21.53 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.22). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The company had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. As a group, equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Thursday, June 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.19%. Invitation Homes’s dividend payout ratio is currently 128.74%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on INVH shares. Evercore ISI restated an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Barclays decreased their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Scotiabank lifted their target price on Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Citigroup restated a “neutral” rating and issued a $39.00 target price on shares of Invitation Homes in a report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $38.00 target price on shares of Invitation Homes in a report on Monday, June 17th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.