Franklin Resources Inc. Has $5.35 Million Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Franklin Resources Inc. increased its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 253.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,465 shares of the company's stock after purchasing an additional 120,019 shares during the quarter. Franklin Resources Inc.'s holdings in Invitation Homes were worth $5,354,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of Invitation Homes by 13.8% in the fourth quarter. Alliancebernstein L.P. now owns 1,285,538 shares of the company's stock valued at $41,099,000 after acquiring an additional 155,648 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Invitation Homes by 4.0% in the 4th quarter. Wellington Management Group LLP now owns 53,997 shares of the company's stock valued at $1,726,000 after purchasing an additional 2,089 shares in the last quarter. Allstate Corp lifted its holdings in Invitation Homes by 25.5% in the 4th quarter. Allstate Corp now owns 135,750 shares of the company's stock valued at $4,340,000 after purchasing an additional 27,542 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of Invitation Homes by 2.5% during the 4th quarter. DnB Asset Management AS now owns 102,931 shares of the company's stock worth $3,291,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Invitation Homes by 32.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,847 shares of the company's stock worth $315,000 after buying an additional 2,386 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Raymond James decreased their target price on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley cut 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 report on Friday, January 24th. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Barclays reissued an "overweight" rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Invitation Homes has a consensus rating of "Hold" and a consensus target price of $37.38.

Invitation Homes Stock Up 1.1 %

INVH stock traded up $0.37 during trading hours on Wednesday, hitting $33.34. The company's stock had a trading volume of 450,619 shares, compared to its average volume of 3,335,355. 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 company has a market capitalization of $20.44 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The stock has a 50 day moving average price of $32.95 and a two-hundred day moving average price of $32.82. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The business 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 research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. Invitation Homes's dividend payout ratio (DPR) is currently 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.