9,685 Shares in Invitation Homes Inc. (NYSE:INVH) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,685 shares of the company’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INVH. M&T Bank Corp grew its position in Invitation Homes by 1.0% during the 3rd quarter. M&T Bank Corp now owns 73,517 shares of the company’s stock worth $2,330,000 after purchasing an additional 756 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in Invitation Homes by 5.3% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 38,918 shares of the company’s stock worth $1,233,000 after purchasing an additional 1,974 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Invitation Homes during the 3rd quarter worth $3,481,000. Advisors Asset Management Inc. grew its position in Invitation Homes by 23.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 82,674 shares of the company’s stock worth $2,620,000 after purchasing an additional 15,935 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Invitation Homes by 13.4% during the 3rd quarter. Bank of Nova Scotia now owns 54,381 shares of the company’s stock worth $1,723,000 after purchasing an additional 6,446 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Up 1.0 %

Shares of NYSE INVH opened at $33.41 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The firm has a 50-day moving average price of $34.21 and a 200 day moving average price of $33.33. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 1.96 and a beta of 0.94.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The business had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. Equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Wednesday, March 27th. Invitation Homes’s payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INVH. Keefe, Bruyette & Woods lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 27th. Morgan Stanley lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, December 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 target price on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Finally, Oppenheimer lifted their target price on shares of Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.19.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by company insiders.

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.