Amica Mutual Insurance Co. Cuts Holdings in Invitation Homes Inc. (NYSE:INVH)

Amica Mutual Insurance Co. decreased its stake in Invitation Homes Inc. (NYSE:INVH) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,808 shares of the company’s stock after selling 8,568 shares during the period. Amica Mutual Insurance Co.’s holdings in Invitation Homes were worth $1,119,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Alps Advisors Inc. grew its position in shares of Invitation Homes by 2.2% in the third quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock valued at $555,000 after purchasing an additional 372 shares during the last quarter. Park Avenue Securities LLC increased its position in Invitation Homes by 2.4% during the 3rd quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock worth $563,000 after purchasing an additional 421 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Invitation Homes by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after purchasing an additional 473 shares during the last quarter. CWM LLC lifted its holdings in Invitation Homes by 10.2% in the 3rd quarter. CWM LLC now owns 6,590 shares of the company’s stock valued at $209,000 after purchasing an additional 608 shares in the last quarter. Finally, Wealth Alliance boosted its stake in shares of Invitation Homes by 9.0% during the 4th quarter. Wealth Alliance now owns 7,394 shares of the company’s stock worth $252,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Insider Activity

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Invitation Homes Stock Down 0.4 %

Shares of NYSE:INVH traded down $0.14 during midday trading on Monday, hitting $34.58. 2,606,871 shares of the company’s stock traded hands, compared to its average volume of 3,119,829. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53. The company has a market cap of $21.18 billion, a PE ratio of 41.33, a P/E/G ratio of 2.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s fifty day moving average price is $34.38 and its two-hundred day moving average price is $33.45.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The company had revenue of $624.32 million during the quarter, compared to analysts’ expectations of $623.51 million. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 133.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Mizuho raised their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. BNP Paribas assumed coverage on Invitation Homes in a research note on Monday, January 22nd. They issued an “outperform” rating and a $39.00 price target on the stock. Oppenheimer lifted their price target on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Citigroup reiterated a “neutral” rating and set a $39.00 price objective on shares of Invitation Homes in a report on Friday, March 22nd. Finally, JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and a consensus target price of $38.19.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued 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 high-touch service that continuously enhances residents' living experiences.