State of Wisconsin Investment Board reduced its position in Invitation Homes (NYSE:INVH) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,374 shares of the company’s stock after selling 27,479 shares during the quarter. State of Wisconsin Investment Board’s holdings in Invitation Homes were worth $6,150,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INVH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Invitation Homes during the fourth quarter valued at $111,000. Advisory Services Network LLC purchased a new stake in shares of Invitation Homes during the fourth quarter valued at $114,000. American International Group Inc. purchased a new stake in shares of Invitation Homes during the fourth quarter valued at $145,000. KBC Group NV purchased a new stake in shares of Invitation Homes during the fourth quarter valued at $157,000. Finally, IFP Advisors Inc grew its holdings in shares of Invitation Homes by 101.5% during the fourth quarter. IFP Advisors Inc now owns 8,120 shares of the company’s stock valued at $191,000 after buying an additional 4,090 shares during the last quarter.
NYSE:INVH opened at $21.82 on Friday. Invitation Homes has a one year low of $20.25 and a one year high of $24.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 83.92, a price-to-earnings-growth ratio of 3.14 and a beta of -0.42.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Tuesday, May 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, May 14th. Invitation Homes’s payout ratio is 169.23%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Invitation Homes from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, May 16th. Zelman & Associates lowered shares of Invitation Homes from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Robert W. Baird assumed coverage on shares of Invitation Homes in a report on Wednesday, March 28th. They set an “outperform” rating and a $25.00 price objective on the stock. B. Riley set a $26.00 price objective on shares of Invitation Homes and gave the company a “buy” rating in a report on Wednesday, February 21st. Finally, Mizuho reissued a “buy” rating and set a $25.00 price objective on shares of Invitation Homes in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.78.
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.
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