Virtu Financial LLC Buys Shares of 12,929 Invitation Homes Inc. (NYSE:INVH)

Virtu Financial LLC bought a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,929 shares of the company's stock, valued at approximately $413,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. boosted its stake in shares of Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after buying an additional 2,344 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in Invitation Homes during the third quarter worth about $263,000. Charles Schwab Investment Management Inc. raised its holdings in Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after acquiring an additional 31,184 shares in the last quarter. HighTower Advisors LLC grew its stake in Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Invitation Homes in the fourth quarter valued at approximately $595,000. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on INVH shares. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods raised 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 note on Wednesday, March 5th. Nine investment 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, Invitation Homes presently has a consensus rating of "Hold" and a consensus price target of $37.47.

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Invitation Homes Stock Performance

INVH stock traded up $0.32 during trading hours on Friday, hitting $34.48. 2,924,119 shares of the stock were exchanged, compared to its average volume of 3,279,217. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.12 billion, a P/E ratio of 48.56, a P/E/G ratio of 4.70 and a beta of 1.03. The company has a 50-day simple moving average of $32.51 and a two-hundred day simple moving average of $33.12.

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

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given 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 3.36%. Invitation Homes's payout ratio is 158.90%.

About Invitation Homes

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.