Citigroup Inc. grew its stake in Invitation Homes Inc (NYSE:INVH) by 3.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 155,587 shares of the company’s stock after buying an additional 5,357 shares during the quarter. Citigroup Inc.’s holdings in Invitation Homes were worth $3,785,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio boosted its holdings in shares of Invitation Homes by 1.4% in the first quarter. Strs Ohio now owns 478,641 shares of the company’s stock valued at $11,645,000 after buying an additional 6,557 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Invitation Homes by 30.9% in the fourth quarter. Nuveen Asset Management LLC now owns 2,276,515 shares of the company’s stock valued at $45,712,000 after buying an additional 537,191 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Invitation Homes by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,479,043 shares of the company’s stock valued at $49,780,000 after buying an additional 67,405 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Invitation Homes by 15.5% in the first quarter. State of Alaska Department of Revenue now owns 149,830 shares of the company’s stock valued at $3,644,000 after buying an additional 20,098 shares during the period. Finally, Eaton Vance Management boosted its holdings in shares of Invitation Homes by 12.5% in the fourth quarter. Eaton Vance Management now owns 1,764,629 shares of the company’s stock valued at $35,434,000 after buying an additional 195,957 shares during the period.

Shares of INVH stock opened at $26.79 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $13.99 billion, a PE ratio of 116.48, a price-to-earnings-growth ratio of 2.66 and a beta of 0.40. Invitation Homes Inc has a 12 month low of $19.21 and a 12 month high of $26.94.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.26). The business had revenue of $435.50 million during the quarter, compared to the consensus estimate of $434.60 million. Invitation Homes had a return on equity of 1.10% and a net margin of 1.89%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. Analysts anticipate that Invitation Homes Inc will post 1.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Tuesday, May 14th. Invitation Homes’s dividend payout ratio is presently 226.09%.

In other Invitation Homes news, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $25.21, for a total transaction of $1,008,400,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Charles D. Young sold 29,925 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $24.83, for a total transaction of $743,037.75. Following the sale, the chief operating officer now directly owns 176,184 shares in the company, valued at $4,374,648.72. The disclosure for this sale can be found here. In the last three months, insiders sold 83,029,925 shares of company stock worth $2,007,603,038. 0.25% of the stock is currently owned by insiders.

A number of analysts have recently commented on INVH shares. TheStreet raised shares of Invitation Homes from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Evercore ISI lowered shares of Invitation Homes from an “outperform” rating to an “in-line” rating in a research report on Monday. Raymond James boosted their price objective on shares of Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 15th. Finally, BTIG Research set a $27.00 price objective on shares of Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Invitation Homes presently has a consensus rating of “Buy” and an average target price of $26.50.

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Invitation Homes Profile

Invitation Homes is a leading owner and operator of single-family rental homes, 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.

Read More: Retained Earnings

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

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