New Age Alpha Advisors LLC Makes New Investment in Invitation Homes Inc. (NYSE:INVH)

New Age Alpha Advisors LLC purchased a new position in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 246,638 shares of the company’s stock, valued at approximately $7,885,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC raised 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 acquiring an additional 329 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 378 shares during the period. Allworth Financial LP raised its position in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after buying an additional 702 shares during the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in Invitation Homes during the 4th quarter valued at approximately $48,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

NYSE INVH opened at $34.20 on Friday. 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 stock’s fifty day moving average is $32.45 and its two-hundred day moving average is $33.15. The firm has a market capitalization of $20.95 billion, a P/E ratio of 48.17, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data 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 net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. On average, research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 158.90%.

Analyst Ratings Changes

Several research analysts recently issued reports on INVH shares. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.56.

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.