Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,944 shares of the company's stock after purchasing an additional 10,343 shares during the quarter. Advisors Asset Management Inc.'s holdings in Invitation Homes were worth $3,611,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC boosted its position in Invitation Homes by 7.5% in the 3rd quarter. Empowered Funds LLC now owns 10,776 shares of the company's stock valued at $380,000 after buying an additional 754 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Invitation Homes by 25.6% in the third quarter. Thrivent Financial for Lutherans now owns 372,608 shares of the company's stock valued at $13,139,000 after purchasing an additional 76,058 shares during the period. Pathstone Holdings LLC grew its stake in Invitation Homes by 2.4% during the 3rd quarter. Pathstone Holdings LLC now owns 44,764 shares of the company's stock worth $1,581,000 after purchasing an additional 1,031 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Invitation Homes during the 3rd quarter worth about $3,825,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Invitation Homes in the 3rd quarter valued at about $651,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

INVH has been the subject of a number of analyst reports. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. JMP Securities reiterated a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price target on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.56.

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Invitation Homes Stock Performance

Shares of INVH stock traded down $0.15 during trading hours on Tuesday, hitting $34.09. The stock had a trading volume of 2,953,460 shares, compared to its average volume of 3,070,744. The stock's 50 day moving average is $32.25 and its 200 day moving average is $33.15. The firm has a market capitalization of $20.89 billion, a PE ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. As a group, research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.40%. Invitation Homes's payout ratio is 158.90%.

Invitation Homes Company Profile

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.