New Age Alpha Advisors LLC Invests $7.89 Million in Invitation Homes Inc. (NYSE:INVH)

New Age Alpha Advisors LLC acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 246,638 shares of the company's stock, valued at approximately $7,885,000.

Several other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC raised its stake in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after acquiring an additional 329 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Invitation Homes by 654.8% during 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 in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP lifted 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 position in Invitation Homes in the 4th quarter valued at about $48,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

NYSE:INVH traded down $0.39 during mid-day trading on Tuesday, hitting $34.46. 749,894 shares of the company's stock traded hands, compared to its average volume of 3,277,399. The firm has a market capitalization of $21.11 billion, a price-to-earnings ratio of 48.72, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The firm has a 50 day moving average of $32.58 and a two-hundred day moving average of $33.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80.

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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 (EPS) for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. On average, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.37%. Invitation Homes's dividend payout ratio is currently 158.90%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INVH. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Barclays restated an "overweight" rating and issued a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods increased 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. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of "Hold" and a consensus target price of $37.47.

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.