Presima Inc. Cuts Stake in Invitation Homes Inc (INVH)

Presima Inc. reduced its stake in Invitation Homes Inc (NYSE:INVH) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,630,800 shares of the company’s stock after selling 90,800 shares during the quarter. Invitation Homes accounts for 5.5% of Presima Inc.’s portfolio, making the stock its 8th largest position. Presima Inc. owned approximately 0.31% of Invitation Homes worth $39,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV lifted its position in Invitation Homes by 1.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,230 shares of the company’s stock valued at $948,000 after acquiring an additional 723 shares in the last quarter. DNB Asset Management AS lifted its position in Invitation Homes by 3.2% during the 1st quarter. DNB Asset Management AS now owns 30,458 shares of the company’s stock worth $741,000 after buying an additional 958 shares in the last quarter. Bank of Montreal Can lifted its position in Invitation Homes by 27.4% during the 4th quarter. Bank of Montreal Can now owns 5,802 shares of the company’s stock worth $116,000 after buying an additional 1,247 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Invitation Homes by 5.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,807 shares of the company’s stock worth $558,000 after buying an additional 1,328 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in Invitation Homes by 2.4% during the 4th quarter. Utah Retirement Systems now owns 59,392 shares of the company’s stock worth $1,192,000 after buying an additional 1,400 shares in the last quarter.

In other news, Director Barry S. Sternlicht sold 3,000,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $23.22, for a total transaction of $69,660,000.00. Following the transaction, the director now directly owns 5,482 shares in the company, valued at approximately $127,292.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Real Estate Partner Blackstone sold 40,000,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $23.22, for a total transaction of $928,800,000.00. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

INVH has been the topic of several analyst reports. Zacks Investment Research raised shares of Invitation Homes from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. TheStreet raised shares of Invitation Homes from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.13.

Shares of NYSE:INVH opened at $24.68 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.12. Invitation Homes Inc has a one year low of $19.21 and a one year high of $25.33. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 107.30, a price-to-earnings-growth ratio of 3.41 and a beta of 0.54.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.26). The business had revenue of $435.50 million for the quarter, compared to the consensus estimate of $434.60 million. Invitation Homes had a positive return on equity of 0.64% and a negative net margin of 0.30%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. As a group, equities analysts forecast that Invitation Homes Inc will post 1.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.11%. Invitation Homes’s dividend payout ratio is presently 226.09%.

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Invitation Homes Company 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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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

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