Prudent Man Advisors LLC Trims Position in Invitation Homes Inc. (NYSE:INVH)

Prudent Man Advisors LLC cut its holdings in shares of Invitation Homes Inc. (NYSE:INVHGet Rating) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,478 shares of the company’s stock after selling 1,055 shares during the period. Prudent Man Advisors LLC’s holdings in Invitation Homes were worth $903,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new stake in Invitation Homes in the fourth quarter worth $27,000. Benjamin F. Edwards & Company Inc. increased its position in Invitation Homes by 526.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 664 shares of the company’s stock valued at $27,000 after acquiring an additional 558 shares during the last quarter. Riverview Trust Co purchased a new stake in Invitation Homes during the first quarter valued at $30,000. Northwestern Mutual Wealth Management Co. increased its position in Invitation Homes by 53.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 872 shares of the company’s stock worth $40,000 after buying an additional 303 shares in the last quarter. Finally, WASHINGTON TRUST Co purchased a new stake in Invitation Homes in the first quarter worth about $60,000.

Invitation Homes Trading Down 0.1 %

Shares of NYSE:INVH opened at $37.88 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $23.12 billion, a PE ratio of 66.46, a P/E/G ratio of 3.38 and a beta of 0.89. Invitation Homes Inc. has a 12-month low of $33.15 and a 12-month high of $45.80. The business’s fifty day simple moving average is $36.27 and its 200-day simple moving average is $38.66.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.32%. Invitation Homes’s payout ratio is 154.39%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James reiterated a “strong-buy” rating and set a $44.00 target price (down previously from $48.00) on shares of Invitation Homes in a research report on Thursday, June 23rd. Mizuho lowered their price objective on Invitation Homes from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, July 6th. Oppenheimer assumed coverage on Invitation Homes in a research note on Monday, July 18th. They issued a “market perform” rating and a $39.00 price objective for the company. Morgan Stanley lowered their price objective on Invitation Homes from $42.50 to $40.50 and set an “overweight” rating for the company in a research note on Friday, July 15th. Finally, KeyCorp lowered their price objective on Invitation Homes from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.53.

About Invitation Homes

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Invitation Homes is the nation's premier single-family home leasing 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.

Further Reading

Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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