Sheaff Brock Investment Advisors LLC Acquires 408 Shares of Invitation Homes Inc. (NYSE:INVH)

Sheaff Brock Investment Advisors LLC increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,429 shares of the company’s stock after purchasing an additional 408 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Invitation Homes were worth $1,133,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after buying an additional 4,883,564 shares during the last quarter. JPMorgan Chase & Co. grew its position in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares in the last quarter. National Bank of Canada FI raised its position in Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INVH has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reduced their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $31.44 on Monday. The firm has a market capitalization of $19.26 billion, a P/E ratio of 44.29, a P/E/G ratio of 4.62 and a beta of 1.04. The firm’s 50-day moving average price is $31.63 and its 200-day moving average price is $33.64. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.69%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is presently 163.38%.

Invitation Homes Profile

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.