Amica Mutual Insurance Co. Sells 8,568 Shares of Invitation Homes Inc. (NYSE:INVH)

Amica Mutual Insurance Co. lessened its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,808 shares of the company’s stock after selling 8,568 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Invitation Homes were worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of INVH. Livforsakringsbolaget Skandia Omsesidigt raised its position in Invitation Homes by 96.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Invitation Homes in the 4th quarter valued at $79,000. NBC Securities Inc. purchased a new position in Invitation Homes in the 3rd quarter worth $86,000. Sentry Investment Management LLC purchased a new stake in Invitation Homes during the third quarter valued at about $106,000. Finally, Ninepoint Partners LP purchased a new position in shares of Invitation Homes in the fourth quarter worth about $109,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on Invitation Homes in a research report on Tuesday, January 30th. They set a “hold” rating and a $35.00 price target on the stock. Oppenheimer increased their price target on shares of Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Raymond James boosted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Finally, Jefferies Financial Group upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $41.00 in a report on Tuesday, January 2nd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.19.

Insider Transactions at Invitation Homes

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

Invitation Homes Stock Down 0.4 %

NYSE INVH traded down $0.14 during trading hours on Monday, reaching $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 52-week low of $28.49 and a 52-week high of $36.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a 50-day simple moving average of $34.38 and a 200 day simple moving average of $33.45. The firm has a market cap of $21.18 billion, a PE ratio of 41.33, a PEG ratio of 2.05 and a beta of 0.94.

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

Invitation Homes Announces Dividend

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

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.