New York State Teachers Retirement System Sells 18,096 Shares of Invitation Homes Inc. (NYSE:INVH)

New York State Teachers Retirement System reduced its position in Invitation Homes Inc. (NYSE:INVH) by 3.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 489,337 shares of the company’s stock after selling 18,096 shares during the period. New York State Teachers Retirement System owned 0.08% of Invitation Homes worth $17,254,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in INVH. State Board of Administration of Florida Retirement System raised its position in shares of Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after purchasing an additional 36,951 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Invitation Homes by 56.4% during the first quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock worth $6,174,000 after acquiring an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Invitation Homes by 14.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after acquiring an additional 131,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Invitation Homes in the first quarter valued at $2,635,000. Finally, National Bank of Canada FI raised its stake in shares of Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock valued at $19,686,000 after purchasing an additional 431,735 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INVH has been the subject of several analyst reports. Scotiabank cut their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Mizuho reduced their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and raised their price target for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Finally, Royal Bank of Canada lowered their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.90.

Invitation Homes Stock Down 0.0 %

Shares of NYSE INVH opened at $31.40 on Friday. The stock has a market capitalization of $19.24 billion, a P/E ratio of 44.23, a PEG ratio of 4.71 and a beta of 1.01. Invitation Homes Inc. has a one year low of $30.20 and a one year high of $37.80. The firm’s 50 day simple moving average is $35.09 and its two-hundred day simple moving average is $35.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is presently 157.75%.

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.