EverSource Wealth Advisors LLC Has $142,000 Stock Position in Invitation Homes Inc. (NYSE:INVH)

EverSource Wealth Advisors LLC increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 3,772.2% during the 4th quarter, HoldingsChannel reports. The fund owned 4,453 shares of the company’s stock after purchasing an additional 4,338 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Invitation Homes were worth $142,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its position in Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after buying an additional 378 shares during the period. Allworth Financial LP boosted its stake in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after acquiring an additional 1,232 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INVH. JMP Securities reissued a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Barclays restated an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.65.

Invitation Homes Stock Up 1.0 %

Invitation Homes stock opened at $33.81 on Tuesday. 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. The company has a fifty day simple moving average of $31.86 and a 200 day simple moving average of $33.28. The company has a market cap of $20.71 billion, a P/E ratio of 47.62, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.43%. Invitation Homes’s dividend payout ratio is presently 158.90%.

Invitation Homes Company 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.