LPL Financial LLC Has $2.46 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

LPL Financial LLC raised its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 34.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,001 shares of the company's stock after acquiring an additional 19,525 shares during the quarter. LPL Financial LLC's holdings in Invitation Homes were worth $2,462,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after buying an additional 329 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the last quarter. 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 worth $43,000 after purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. bought a new stake in Invitation Homes during the fourth quarter valued at $48,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Raymond James dropped their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and cut their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Barclays restated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $37.38.

Invitation Homes Trading Up 1.7 %

Shares of Invitation Homes stock traded up $0.57 during trading on Friday, hitting $33.61. The stock had a trading volume of 2,561,738 shares, compared to its average volume of 3,360,370. 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 $20.60 billion, a PE ratio of 47.34, a P/E/G ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 1 year low of $29.37 and a 1 year high of $37.80. The stock has a 50 day simple moving average of $33.02 and a 200 day simple moving average of $32.81.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its 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. The company 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, research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

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

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.