Invitation Homes $INVH Stock Sold by Carlyle Group Inc.

Carlyle Group Inc. cut its holdings in Invitation Homes (NYSE:INVH) by 28.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 477,500 shares of the company’s stock after selling 185,400 shares during the period. Invitation Homes comprises approximately 0.2% of Carlyle Group Inc.’s investment portfolio, making the stock its 5th biggest holding. Carlyle Group Inc. owned approximately 0.08% of Invitation Homes worth $12,573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jupiter Topco LLC bought a new position in shares of Invitation Homes in the 2nd quarter valued at about $4,243,000. Paralel Advisors LLC increased its position in shares of Invitation Homes by 218.2% in the second quarter. Paralel Advisors LLC now owns 65,628 shares of the company’s stock valued at $1,983,000 after acquiring an additional 45,000 shares during the last quarter. Junto Capital Management LP bought a new stake in Invitation Homes during the second quarter worth about $59,101,000. Bank of America Corp DE bought a new stake in Invitation Homes during the second quarter worth about $75,411,000. Finally, Hsbc Holdings PLC raised its holdings in Invitation Homes by 2.0% during the second quarter. Hsbc Holdings PLC now owns 2,722,345 shares of the company’s stock worth $82,337,000 after acquiring an additional 54,581 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Up 0.8%

Shares of INVH stock opened at $26.88 on Friday. Invitation Homes has a 52-week low of $24.25 and a 52-week high of $30.89. The stock has a market cap 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 firm’s 50-day moving average is $26.97 and its 200-day moving average is $27.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.01 and a current ratio of 0.01.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $731.28 million during the quarter, compared to analysts’ expectations of $742.55 million. Invitation Homes had a return on equity of 7.62% and a net margin of 23.54%. Invitation Homes’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. Sell-side analysts predict that Invitation Homes will post 1.90 EPS for the current year.

Invitation Homes Announces Dividend

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

Analyst Upgrades and Downgrades

INVH has been the subject of several recent research reports. Royal Bank Of Canada reduced their price target on Invitation Homes from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 13th. Wells Fargo & Company dropped their price objective on Invitation Homes from $33.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Invitation Homes in a research note on Thursday, August 27th. Jefferies Financial Group raised Invitation Homes to a “hold” rating in a report on Wednesday, July 22nd. Finally, Citigroup reissued a “buy” rating on shares of Invitation Homes in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.79.

About Invitation Homes

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.