Raymond James Financial Inc. acquired a new stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 226,796 shares of the company's stock, valued at approximately $7,251,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of INVH. SRS Capital Advisors Inc. grew its position 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 worth $30,000 after acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% in the fourth 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 during the period. Allworth Financial LP raised its holdings in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company's stock valued at $43,000 after buying an additional 702 shares during the last quarter. Center for Financial Planning Inc. acquired a new position in shares of Invitation Homes during the fourth quarter worth approximately $48,000. Finally, Brooklyn Investment Group bought a new position in Invitation Homes in the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 96.79% of the company's stock.
Invitation Homes Trading Up 0.4 %
Shares of NYSE:INVH traded up $0.12 during midday trading on Thursday, reaching $34.20. The company had a trading volume of 2,453,436 shares, compared to its average volume of 3,064,725. The company has a fifty day simple moving average of $32.31 and a two-hundred day simple moving average of $33.14. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 48.17, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year 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 announced its earnings results on Wednesday, February 26th. The company reported $0.47 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 company had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.
Invitation Homes Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued 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 3.39%. Invitation Homes's payout ratio is currently 158.90%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. 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. Barclays restated an "overweight" rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, March 5th. Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Mizuho upgraded shares of Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Invitation Homes currently has an average rating of "Hold" and an average price target of $37.56.
Check Out Our Latest Research Report on INVH
About Invitation Homes
(
Free Report)
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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