Proficio Capital Partners LLC Takes $867,000 Position in Invitation Homes Inc. (NYSE:INVH)

Proficio Capital Partners LLC bought a new position in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,130 shares of the company's stock, valued at approximately $867,000.

Other hedge funds have also modified their holdings of the company. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Invitation Homes by 58.5% in the 4th 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 in the last quarter. Allworth Financial LP grew its holdings in shares of Invitation Homes by 101.2% in the 4th 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 last quarter. Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes during the 4th quarter worth about $48,000. Finally, Brooklyn Investment Group bought a new position in Invitation Homes during the 3rd quarter valued at about $49,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Jefferies Financial Group cut 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 report on Thursday, January 2nd. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Barclays restated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods raised their target price on Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research note on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Invitation Homes has an average rating of "Hold" and an average price target of $37.56.

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Invitation Homes Trading Down 0.4 %

NYSE INVH traded down $0.15 during trading hours on Tuesday, hitting $34.09. The company's stock had a trading volume of 2,953,357 shares, compared to its average volume of 3,070,744. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The firm has a market capitalization of $20.89 billion, a P/E ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. 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 stock has a fifty day moving average of $32.25 and a 200 day moving average of $33.15.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Equities research analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal 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 $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. Invitation Homes's dividend payout ratio (DPR) is presently 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.