Sanctuary Advisors LLC Purchases 14,929 Shares of Invitation Homes Inc. (NYSE:INVH)

Sanctuary Advisors LLC raised its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 105.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,142 shares of the company's stock after buying an additional 14,929 shares during the period. Sanctuary Advisors LLC's holdings in Invitation Homes were worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Invitation Homes by 767.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock valued at $194,621,000 after purchasing an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock valued at $221,709,000 after buying an additional 1,089,281 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after buying an additional 997,353 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock valued at $40,362,000 after buying an additional 780,760 shares in the last quarter. Finally, FMR LLC increased its holdings in Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after buying an additional 753,464 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INVH. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods reduced 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. Barclays lowered their target price on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, JMP Securities reissued a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Eleven 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, the company currently has a consensus rating of "Hold" and a consensus price target of $37.47.

Invitation Homes Stock Performance

Invitation Homes stock traded up $0.32 during mid-day trading on Monday, reaching $34.33. The company had a trading volume of 2,005,762 shares, compared to its average volume of 2,928,542. 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 firm has a market cap of $21.03 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 4.70 and a beta of 1.04. The company has a 50 day moving average of $31.52 and a 200-day moving average of $33.42. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $658.71 million. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. Invitation Homes's 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.