Prudential Financial Inc. Cuts Holdings in Invitation Homes Inc (INVH)
Prudential Financial Inc. decreased its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 74.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 171,040 shares of the company’s stock after selling 509,975 shares during the period. Prudential Financial Inc.’s holdings in Invitation Homes were worth $3,434,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cohen & Steers Inc. increased its position in Invitation Homes by 24.1% during the 3rd quarter. Cohen & Steers Inc. now owns 34,006,587 shares of the company’s stock valued at $779,091,000 after purchasing an additional 6,600,538 shares during the period. BlackRock Inc. increased its position in Invitation Homes by 8.4% during the 3rd quarter. BlackRock Inc. now owns 25,275,117 shares of the company’s stock valued at $579,052,000 after purchasing an additional 1,953,906 shares during the period. Daiwa Securities Group Inc. increased its position in Invitation Homes by 10.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 11,175,289 shares of the company’s stock valued at $224,400,000 after purchasing an additional 1,079,549 shares during the period. Dimensional Fund Advisors LP increased its position in Invitation Homes by 12.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,601,779 shares of the company’s stock valued at $82,513,000 after purchasing an additional 388,759 shares during the period. Finally, Morgan Stanley grew its position in shares of Invitation Homes by 80.0% in the 3rd quarter. Morgan Stanley now owns 2,421,755 shares of the company’s stock worth $55,482,000 after buying an additional 1,076,105 shares during the last quarter.
INVH has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Invitation Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. TheStreet downgraded shares of Invitation Homes from a “c” rating to a “d+” rating in a research report on Friday, February 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Invitation Homes presently has an average rating of “Buy” and a consensus price target of $25.10.
Invitation Homes (NYSE:INVH) last released its earnings results on Thursday, February 14th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The company had revenue of $433.00 million during the quarter, compared to analysts’ expectations of $440.07 million. Invitation Homes had a negative net margin of 0.30% and a positive return on equity of 0.64%. Invitation Homes’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, equities research analysts expect that Invitation Homes Inc will post 1.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Wednesday, February 13th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.11. This represents a $0.52 dividend on an annualized basis and a yield of 2.18%. Invitation Homes’s dividend payout ratio (DPR) is 226.09%.
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About Invitation Homes
Invitation Homes is a leading owner and operator of single-family rental homes, 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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