Envestnet Asset Management Inc. Increases Stock Position in Invitation Homes Inc. (NYSE:INVH)

Envestnet Asset Management Inc. grew its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 574,803 shares of the company's stock after acquiring an additional 23,515 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of Invitation Homes worth $18,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in INVH. Lindbrook Capital LLC boosted its holdings in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes during the fourth quarter valued at approximately $48,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of NYSE:INVH traded up $0.57 during midday trading on Friday, reaching $33.61. 2,561,738 shares of the company traded hands, compared to its average volume of 3,364,864. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The firm's fifty day moving average price is $33.06 and its two-hundred day moving average price is $32.79. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate 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 year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.45%. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Analyst Ratings Changes

A number of research analysts have issued reports on INVH shares. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and decreased their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Raymond James decreased their price target on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $37.38.

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.