Nisa Investment Advisors LLC Sells 19,685 Shares of Invitation Homes Inc. (NYSE:INVH)

Nisa Investment Advisors LLC lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 258,860 shares of the company’s stock after selling 19,685 shares during the period. Nisa Investment Advisors LLC’s holdings in Invitation Homes were worth $8,355,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INVH. Paladin Wealth LLC acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $40,000. Assetmark Inc. lifted its holdings in Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after acquiring an additional 1,232 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Invitation Homes during the third quarter worth about $49,000. Huntington National Bank grew its position in shares of Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after purchasing an additional 699 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in Invitation Homes during the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Performance

NYSE:INVH opened at $30.46 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $32.55 and a 200 day simple moving average of $34.15. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The stock has a market cap of $18.66 billion, a P/E ratio of 42.91, a PEG ratio of 4.57 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.81%. Invitation Homes’s dividend payout ratio is 163.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research note on Tuesday. Keefe, Bruyette & Woods lowered their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Finally, Barclays began coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.75.

Invitation Homes Company 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.