Nicola Wealth Management LTD. Purchases 13,700 Shares of Invitation Homes Inc. (NYSE:INVH)

Nicola Wealth Management LTD. increased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 29.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,048 shares of the company's stock after acquiring an additional 13,700 shares during the period. Nicola Wealth Management LTD.'s holdings in Invitation Homes were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. increased its holdings in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC increased its holdings in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP increased its holdings in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after acquiring an additional 702 shares during the period. Assetmark Inc. increased its holdings in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after acquiring an additional 1,232 shares during the period. Finally, Center for Financial Planning Inc. purchased a new position in Invitation Homes in the 4th quarter worth approximately $48,000. Institutional investors own 96.79% of the company's stock.

Wall Street Analyst Weigh In

INVH has been the subject of a number of research reports. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Keefe, Bruyette & Woods cut their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Barclays dropped their price target on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $37.47.

Invitation Homes Price Performance

Shares of INVH opened at $34.40 on Tuesday. The firm's 50-day simple moving average is $31.52 and its two-hundred day simple moving average is $33.42. The stock has a market cap of $21.07 billion, a PE ratio of 48.45, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%. Analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, December 26th. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio 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.

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