DekaBank Deutsche Girozentrale Sells 38,403 Shares of Invitation Homes Inc. (NYSE:INVH)

DekaBank Deutsche Girozentrale slashed its stake in Invitation Homes Inc. (NYSE:INVH – Get Rating) by 8.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The company owned 421,568 shares of the company’s stock after selling 38,403 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of the $14,116,000 worth of invitation homes at the end of the most recent quarter.

A number of other major investors recently changed their stakes in the company. The Bank of Nova Scotia increased its holdings of Invitation Homes stock by 1.6% in the second quarter. The Bank of Nova Scotia now owns 17,365 shares of the company, valued at $618,000, after purchasing an additional 268 shares last quarter. Cigna Investments Inc. New increased its holdings in Invitation Homes stock by 5.1% during the second quarter. Cigna Investments Inc. New now owns 6,609 shares of the company’s stock valued at $235,000 after purchasing an additional 322 shares last quarter. Exchange Traded Concepts LLC increased its holdings of Invitation Homes stock by 3.9% during the third quarter. Exchange Traded Concepts LLC now owns 9,932 shares of the company’s stock valued at $335,000 after purchasing an additional 370 shares last quarter. Cetera Advisor Networks LLC increased its holdings of Invitation Homes stock by 4.2% during the second quarter. Cetera Advisor Networks LLC now owns 9,667 shares of the company’s stock valued at $344,000 after purchasing an additional 392 shares last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings of Invitation Homes stock by 16.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 2,872 shares of the company’s stock valued at $97,000 after purchasing an additional 411 shares last quarter. 98.43% of the shares are currently owned by institutional investors and hedge funds.

Invitation Homes stock performance

Invitation Homes shares opened at $30.94 on Friday. The company has a debt to equity ratio of 0.52, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a 50-day moving average price of $30.89 and a 200-day moving average price of $33.97. Invitation Homes Inc. has a 52-week low of $28.52 and a 52-week high of $44.36. The company has a market cap of $18.92 billion, a P/E of 53.35, a P/E of 2.97, and a beta of 0.85.

Invitation Homes (NYSE:INVH – Get Rating) last announced its earnings results on Wednesday, October 26th. The company reported $0.13 per share for the quarter, missing the consensus estimate of $0.42 ($0.29). The company had revenue of $568.68 million for the quarter, compared to the consensus estimate of $565.73 million. Invitation Homes had a return on equity of 3.68% and a net margin of 16.38%. As a group, analysts expect Invitation Homes Inc. to post 1.61 EPS for the current fiscal year.

Analysts set new price targets

INVH has been the subject of a number of research analyst reports. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating in a report Monday, January 2nd and lowered its price target on the stock to $31.00 from $38.00. Goldman Sachs Group lowered Invitation Homes from a “buy” rating to a “neutral” rating in a research note on Thursday, December 8, lowering its price target on the company to $35.00 from $38.00 . JMP Securities lowered its price target on Invitation Homes to $40.00 from $50.00 and rated the company “Market Outperform” in a research note on Friday, October 28. KeyCorp lowered its price target on Invitation Homes to $35.00 from $41.00 and gave the company an “Overweight” rating in a research note on Wednesday, December 7th. Finally, Barclays lowered its price target on Invitation Homes to $39.00 from $41.00 and gave the company an “overweight” rating in a research note on Tuesday, December 13. Nine equities research analysts have rated the stock with a hold rating and eight have given it a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $35.75.

About Invitation Homes (Get Review)

Invitation Homes is the nation’s leading single family home leasing company, meeting the changing needs of lifestyles by providing access to quality, upgraded housing with valuable 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 world-class service that continually improves residents’ living experiences.

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