Sequoia Financial Advisors LLC Buys 682 Shares of Invitation Homes Inc. (NYSE:INVH)

Sequoia Financial Advisors LLC boosted its position in shares of Invitation Homes Inc. (NYSE:INVH) by 10.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,450 shares of the company’s stock after acquiring an additional 682 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invitation Homes were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in INVH. GC Wealth Management RIA LLC raised its holdings in Invitation Homes by 43.6% during the fourth quarter. GC Wealth Management RIA LLC now owns 23,334 shares of the company’s stock valued at $746,000 after acquiring an additional 7,086 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Invitation Homes by 49.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 442,185 shares of the company’s stock valued at $14,137,000 after purchasing an additional 145,836 shares during the period. OFI Invest Asset Management purchased a new position in Invitation Homes in the 4th quarter worth approximately $595,000. Lindbrook Capital LLC boosted its stake in 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. Finally, Inceptionr LLC purchased a new stake in Invitation Homes during the 4th quarter valued at approximately $719,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 0.7 %

Shares of NYSE INVH opened at $34.09 on Friday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week 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. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 48.02, a PEG ratio of 4.70 and a beta of 1.03. The business’s 50 day moving average price is $32.11 and its 200-day moving average price is $33.25.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share 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 return on equity of 4.36% and a net margin of 17.02%. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 annualized dividend and a yield of 3.40%. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.65.

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.