First Financial Bankshares Inc Increases Holdings in Invitation Homes Inc. (NYSE:INVH)

First Financial Bankshares Inc lifted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,055,972 shares of the company's stock after purchasing an additional 15,723 shares during the quarter. First Financial Bankshares Inc owned about 0.17% of Invitation Homes worth $33,759,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lindbrook Capital LLC increased its stake 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 acquiring an additional 329 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC boosted its holdings in 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 purchasing an additional 378 shares during the period. Allworth Financial LP boosted its holdings in 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 purchasing an additional 702 shares during the period. Finally, Assetmark Inc. boosted its holdings in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company's stock valued at $46,000 after purchasing an additional 1,232 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

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Invitation Homes Stock Performance

INVH stock traded down $0.16 during trading on Friday, hitting $33.89. The company had a trading volume of 5,621,926 shares, compared to its average volume of 3,070,375. The firm has a market cap of $20.76 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The firm has a 50-day moving average price of $32.18 and a 200-day moving average price of $33.17. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

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

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.42%. The ex-dividend date is Thursday, March 27th. Invitation Homes's payout ratio is 158.90%.

Analyst Ratings Changes

INVH has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Mizuho raised Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and decreased their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Finally, Barclays reiterated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of "Hold" and a consensus target price of $37.56.

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.