Alliancebernstein L.P. reduced its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 40.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 337,281 shares of the company’s stock after selling 224,423 shares during the period. Alliancebernstein L.P. owned 0.06% of Invitation Homes worth $7,727,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Invitation Homes by 338.8% during the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock valued at $104,000 after acquiring an additional 3,517 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Invitation Homes during the second quarter valued at about $175,000. Signition LP bought a new position in shares of Invitation Homes during the third quarter valued at about $203,000. Engineers Gate Manager LP bought a new position in shares of Invitation Homes during the second quarter valued at about $205,000. Finally, IFM Investors Pty Ltd bought a new position in shares of Invitation Homes during the third quarter valued at about $266,000.

Several brokerages have recently commented on INVH. Zacks Investment Research raised shares of Invitation Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Raymond James increased their price target on shares of Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. TheStreet raised shares of Invitation Homes from a “d+” rating to a “c” rating in a research note on Tuesday, November 6th. Finally, Mizuho downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $23.00 in a research note on Wednesday, November 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Invitation Homes has a consensus rating of “Buy” and a consensus price target of $25.25.

Shares of INVH opened at $21.78 on Monday. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 83.77, a price-to-earnings-growth ratio of 3.32 and a beta of 0.02. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.47. Invitation Homes Inc has a fifty-two week low of $20.25 and a fifty-two week high of $24.30.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. The business had revenue of $434.20 million for the quarter, compared to analysts’ expectations of $436.18 million. Invitation Homes had a negative net margin of 4.71% and a negative return on equity of 0.56%. The business’s revenue was up 78.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, equities analysts predict that Invitation Homes Inc will post 1.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, November 13th. Invitation Homes’s dividend payout ratio (DPR) is presently 169.23%.

In other Invitation Homes news, Director Barry S. Sternlicht sold 1,309,849 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $23.55, for a total value of $30,846,943.95. Following the sale, the director now owns 5,482 shares in the company, valued at $129,101.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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Invitation Homes Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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