Invitation Homes Inc. (NYSE:INVH) Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.6% in the fourth quarter, Holdings Channel reports. The firm owned 7,344 shares of the company’s stock after selling 605 shares during the period. Aaron Wealth Advisors LLC’s holdings in Invitation Homes were worth $251,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INVH. Coppell Advisory Solutions Corp. acquired a new stake in shares of Invitation Homes during the fourth quarter valued at about $27,000. Coppell Advisory Solutions LLC acquired a new stake in Invitation Homes during the 2nd quarter valued at approximately $31,000. Clear Street Markets LLC increased its holdings in Invitation Homes by 117.4% during the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock worth $32,000 after purchasing an additional 588 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Invitation Homes during the 3rd quarter valued at approximately $86,000. Finally, Covestor Ltd grew its position in shares of Invitation Homes by 848.0% during the first quarter. Covestor Ltd now owns 2,351 shares of the company’s stock worth $94,000 after buying an additional 2,103 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Insider Buying and Selling

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Invitation Homes Price Performance

NYSE:INVH traded down $0.45 during midday trading on Thursday, hitting $34.42. 241,278 shares of the stock were exchanged, compared to its average volume of 3,169,937. The company has a market capitalization of $21.08 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 2.08 and a beta of 0.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53. The business has a 50-day moving average price of $34.11 and a two-hundred day moving average price of $33.27.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The business had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. Sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, March 27th. Invitation Homes’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

INVH has been the topic of several recent analyst reports. Raymond James upped their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Mizuho lifted their price target on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. Oppenheimer increased their target price on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

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.