LPL Financial LLC Raises Holdings in Invitation Homes Inc. (NYSE:INVH)

LPL Financial LLC boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 34.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 77,001 shares of the company’s stock after acquiring an additional 19,525 shares during the period. LPL Financial LLC’s holdings in Invitation Homes were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of INVH. Lindbrook Capital LLC boosted its holdings in Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after acquiring an additional 329 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Invitation Homes by 1.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after purchasing an additional 408 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Invitation Homes by 5.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock valued at $235,000 after purchasing an additional 412 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV raised its holdings in shares of Invitation Homes by 2.8% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock worth $506,000 after buying an additional 442 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Raymond James reduced their price objective on Invitation Homes from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday. Barclays reissued an “overweight” rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.38.

Invitation Homes Trading Up 1.4 %

INVH opened at $32.10 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 12 month low of $29.37 and a 12 month high of $37.80. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 45.20, a PEG ratio of 4.70 and a beta of 0.86. The business has a fifty day moving average price of $32.90 and a 200 day moving average price of $32.83.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm 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%. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 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.