Alliancebernstein L.P. Purchases 155,648 Shares of Invitation Homes Inc. (NYSE:INVH)

Alliancebernstein L.P. boosted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,285,538 shares of the company's stock after purchasing an additional 155,648 shares during the period. Alliancebernstein L.P. owned about 0.21% of Invitation Homes worth $41,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after purchasing an additional 2,344 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in Invitation Homes in the 3rd quarter valued at approximately $263,000. Charles Schwab Investment Management Inc. increased its position in Invitation Homes by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock valued at $210,952,000 after acquiring an additional 31,184 shares during the period. HighTower Advisors LLC increased its position in Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after acquiring an additional 61,973 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Invitation Homes during the fourth quarter worth $595,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of INVH traded down $0.84 during trading hours on Thursday, hitting $31.43. The company's stock had a trading volume of 423,862 shares, compared to its average volume of 3,320,288. Invitation Homes Inc. has a 52-week low of $29.37 and a 52-week high of $37.80. The company has a market cap of $19.26 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 4.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50 day simple moving average of $32.88 and a two-hundred day simple moving average of $32.90.

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

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.69%. Invitation Homes's dividend payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

INVH has been the subject of several recent analyst reports. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. JMP Securities reissued a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Invitation Homes presently has a consensus rating of "Hold" and an average target price of $37.47.

Invitation Homes 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.