Naviter Wealth LLC Boosts Stake in Invitation Homes Inc. (NYSE:INVH)

Naviter Wealth LLC raised its holdings in Invitation Homes Inc. (NYSE:INVH) by 17.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 36,728 shares of the company’s stock after acquiring an additional 5,587 shares during the quarter. Naviter Wealth LLC’s holdings in Invitation Homes were worth $1,263,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of INVH. AE Wealth Management LLC boosted its holdings in shares of Invitation Homes by 11.3% in the 3rd quarter. AE Wealth Management LLC now owns 10,868 shares of the company’s stock worth $345,000 after purchasing an additional 1,105 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Invitation Homes by 4.1% during the third quarter. Handelsbanken Fonder AB now owns 156,207 shares of the company’s stock worth $4,950,000 after acquiring an additional 6,161 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Invitation Homes by 71,442.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 47,218 shares of the company’s stock worth $1,496,000 after acquiring an additional 47,152 shares during the last quarter. Xponance Inc. boosted its stake in shares of Invitation Homes by 5.1% in the 3rd quarter. Xponance Inc. now owns 78,548 shares of the company’s stock valued at $2,489,000 after purchasing an additional 3,845 shares in the last quarter. Finally, Raymond James & Associates raised its position in Invitation Homes by 16.6% in the 3rd quarter. Raymond James & Associates now owns 101,668 shares of the company’s stock worth $3,222,000 after purchasing an additional 14,465 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

NYSE INVH opened at $34.15 on Tuesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53. The stock has a 50-day moving average of $34.42 and a 200 day moving average of $33.46. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 2.05 and a beta of 0.94.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $624.32 million during 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%. Sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 annualized dividend and a yield of 3.28%. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

Insider Transactions at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at approximately $1,287,035.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on INVH shares. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, March 7th. Evercore ISI reaffirmed an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. Citigroup reissued a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Raymond James upped their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $38.19.

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.