Xact Kapitalforvaltning AB trimmed its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,893 shares of the company’s stock after selling 3,079 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Invitation Homes were worth $731,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in INVH. Paloma Partners Management Co bought a new stake in shares of Invitation Homes in the second quarter valued at about $2,430,000. Swiss National Bank raised its holdings in shares of Invitation Homes by 33.1% in the second quarter. Swiss National Bank now owns 1,325,016 shares of the company’s stock valued at $30,555,000 after acquiring an additional 329,700 shares in the last quarter. Land & Buildings Investment Management LLC raised its holdings in shares of Invitation Homes by 41.7% in the second quarter. Land & Buildings Investment Management LLC now owns 1,187,132 shares of the company’s stock valued at $27,375,000 after acquiring an additional 349,200 shares in the last quarter. RVB Capital Management LLC raised its holdings in shares of Invitation Homes by 37.5% in the second quarter. RVB Capital Management LLC now owns 550,000 shares of the company’s stock valued at $12,683,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of Invitation Homes by 15.3% in the second quarter. Federated Investors Inc. PA now owns 342,144 shares of the company’s stock valued at $7,889,000 after acquiring an additional 45,304 shares in the last quarter.
In other Invitation Homes news, Director Barry S. Sternlicht sold 1,309,849 shares of Invitation Homes stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $23.55, for a total value of $30,846,943.95. Following the transaction, the director now owns 5,482 shares in the company, valued at $129,101.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by insiders.
INVH stock opened at $20.73 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.75 and a current ratio of 0.75. Invitation Homes Inc has a 1-year low of $20.25 and a 1-year high of $24.30.
Invitation Homes (NYSE:INVH) last posted its earnings results on Monday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Invitation Homes had a negative return on equity of 0.98% and a negative net margin of 6.99%. The company had revenue of $434.20 million for the quarter, compared to analyst estimates of $436.18 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 78.3% compared to the same quarter last year. On average, sell-side analysts predict that Invitation Homes Inc will post 1.18 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $0.44 annualized dividend and a yield of 2.12%. Invitation Homes’s dividend payout ratio (DPR) is presently 169.23%.
Separately, Raymond James lifted their price objective on Invitation Homes from $26.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $25.83.
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About Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 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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