New York State Common Retirement Fund Sells 16,600 Shares of Invitation Homes Inc. (NYSE:INVH)

New York State Common Retirement Fund reduced its position in Invitation Homes Inc. (NYSE:INVH) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 330,016 shares of the company’s stock after selling 16,600 shares during the quarter. New York State Common Retirement Fund’s holdings in Invitation Homes were worth $10,551,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Invitation Homes by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 88,154 shares of the company’s stock valued at $2,818,000 after purchasing an additional 3,878 shares during the period. Sanctuary Advisors LLC raised its position in shares of Invitation Homes by 105.0% in the fourth quarter. Sanctuary Advisors LLC now owns 29,142 shares of the company’s stock worth $903,000 after buying an additional 14,929 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after buying an additional 408 shares during the period. Allworth Financial LP grew its position in 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 buying an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. bought a new position in Invitation Homes in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

INVH opened at $31.78 on Tuesday. 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 stock’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $33.49. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.65%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. Invitation Homes’s payout ratio is presently 163.38%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays cut their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, January 24th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.47.

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.