Raymond James Financial Inc. Buys Shares of 226,796 Invitation Homes Inc. (NYSE:INVH)

Raymond James Financial Inc. acquired a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 226,796 shares of the company's stock, valued at approximately $7,251,000.

Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its position in 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 acquiring an additional 825 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after acquiring an additional 378 shares during the last quarter. Allworth Financial LP boosted its position in 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 acquiring an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. bought a new stake in Invitation Homes during the fourth quarter valued at $48,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Down 1.1 %

Shares of NYSE INVH traded down $0.38 during midday trading on Tuesday, reaching $33.63. 180,748 shares of the company's stock traded hands, compared to its average volume of 3,339,785. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80. The stock's 50 day simple moving average is $33.33 and its 200-day simple moving average is $32.79. 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 cap of $20.61 billion, a price-to-earnings ratio of 47.37, a P/E/G ratio of 4.70 and a beta of 0.86.

Invitation Homes (NYSE:INVH - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The company had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays reaffirmed an "overweight" rating and set a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods increased their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 5th. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $37.38.

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.