Kentucky Retirement Systems Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Kentucky Retirement Systems lowered its position in Invitation Homes Inc. (NYSE:INVH) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,150 shares of the company’s stock after selling 539 shares during the quarter. Kentucky Retirement Systems’ holdings in Invitation Homes were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Orion Portfolio Solutions LLC acquired a new position in Invitation Homes in the 3rd quarter valued at $263,000. Swedbank AB grew its stake in shares of Invitation Homes by 25.1% during the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock worth $20,269,000 after purchasing an additional 115,211 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Invitation Homes in the third quarter valued at about $3,825,000. HighTower Advisors LLC raised its holdings in Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after purchasing an additional 61,973 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Invitation Homes during the 3rd quarter worth $4,876,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $31.90 on Monday. The stock has a market cap of $19.54 billion, a P/E ratio of 44.92, a P/E/G ratio of 4.70 and a beta of 1.04. The firm’s 50-day simple moving average is $31.48 and its 200 day simple moving average is $33.52. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. 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 163.38%.

Analyst Ratings Changes

A number of equities research analysts have commented on INVH shares. Barclays lowered their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their price target on 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, Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Invitation Homes has a consensus rating of “Hold” and an average price target of $37.47.

About Invitation Homes

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.