Invitation Homes $INVH Stock Sold by Carlyle Group Inc.

Carlyle Group Inc. trimmed its stake in shares of Invitation Homes (NYSE:INVH) by 28.0% in the third quarter, HoldingsChannel reports. The firm owned 477,500 shares of the company’s stock after selling 185,400 shares during the quarter. Invitation Homes accounts for about 0.2% of Carlyle Group Inc.’s holdings, making the stock its 5th largest holding. Carlyle Group Inc.’s holdings in Invitation Homes were worth $12,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Invitation Homes in the second quarter valued at about $1,866,973,000. Dimensional Fund Advisors LP lifted its stake in shares of Invitation Homes by 1.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,379,282 shares of the company’s stock worth $208,225,000 after buying an additional 132,006 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Invitation Homes during the 2nd quarter worth about $193,539,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Invitation Homes by 74,699.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,971,242 shares of the company’s stock worth $180,391,000 after buying an additional 5,963,259 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Invitation Homes during the 2nd quarter worth about $140,427,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on INVH shares. Oppenheimer upped their price target on shares of Invitation Homes from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Jefferies Financial Group upgraded shares of Invitation Homes to a “hold” rating in a research report on Wednesday, July 22nd. UBS Group reduced their price objective on Invitation Homes from $35.00 to $31.00 and set a “buy” rating for the company in a report on Monday, October 12th. Wells Fargo & Company reduced their price objective on Invitation Homes from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Finally, Barclays decreased their target price on Invitation Homes from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and a consensus target price of $31.79.

Invitation Homes Stock Up 0.8%

INVH stock opened at $26.88 on Friday. Invitation Homes has a fifty-two week low of $24.25 and a fifty-two week high of $30.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.01 and a quick ratio of 0.01. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 4.15 and a beta of 0.81. The business’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $27.79.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.18 by $0.09. Invitation Homes had a net margin of 23.54% and a return on equity of 7.62%. The business had revenue of $731.28 million for the quarter, compared to the consensus estimate of $742.55 million. During the same period in the prior year, the company posted $0.47 earnings per share. Invitation Homes’s revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Invitation Homes will post 1.90 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Thursday, September 24th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. Invitation Homes’s payout ratio is currently 105.26%.

Invitation Homes Company Profile

Invitation Homes Inc. (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas. The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.