Invitation Homes Inc. (NYSE:INVH) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 0.9% in the fourth quarter, HoldingsChannel reports. The firm owned 150,763 shares of the company’s stock after selling 1,325 shares during the quarter. Amalgamated Bank’s holdings in Invitation Homes were worth $5,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after acquiring an additional 1,061 shares during the period. GAMMA Investing LLC purchased a new stake in Invitation Homes during the fourth quarter worth $79,000. NBC Securities Inc. acquired a new stake in Invitation Homes during the third quarter valued at $86,000. Sentry Investment Management LLC purchased a new position in Invitation Homes in the third quarter valued at $106,000. Finally, Ninepoint Partners LP acquired a new position in shares of Invitation Homes in the fourth quarter worth about $109,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on INVH shares. Mizuho raised their target price on Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Raymond James upped their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. BNP Paribas began coverage on shares of Invitation Homes in a research note on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price target on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.19.

Insider Activity at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares in the company, valued at approximately $1,287,035.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is owned by insiders.

Invitation Homes Price Performance

NYSE:INVH opened at $34.81 on Tuesday. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The stock has a market cap of $21.32 billion, a PE ratio of 40.01, a P/E/G ratio of 2.03 and a beta of 0.95. The stock has a 50 day moving average price of $34.55 and a 200 day moving average price of $33.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $624.32 million for the quarter, compared to analysts’ expectations of $623.51 million. Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.22%. Invitation Homes’s dividend payout ratio is currently 128.74%.

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.