Dana Investment Advisors Inc. Has $202,000 Stock Position in Invitation Homes Inc. (NYSE:INVH)

Dana Investment Advisors Inc. trimmed its position in Invitation Homes Inc. (NYSE:INVH) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,323 shares of the company’s stock after selling 1,344 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Invitation Homes were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new position in shares of Invitation Homes during the 3rd quarter worth about $263,000. Swedbank AB lifted its stake in Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after acquiring an additional 115,211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invitation Homes in the 3rd quarter valued at approximately $3,825,000. HighTower Advisors LLC lifted its stake in Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after acquiring an additional 61,973 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Invitation Homes in the 3rd quarter valued at approximately $4,876,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Up 1.2 %

INVH opened at $34.19 on Monday. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The stock’s fifty day simple moving average is $31.69 and its 200 day simple moving average is $33.39. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.94 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last posted 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. 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 analysts’ expectations of $658.71 million. As a group, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio is currently 158.90%.

Wall Street Analyst Weigh In

INVH has been the topic of several research reports. Barclays cut their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. 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 a consensus rating of “Hold” and a consensus target price of $37.53.

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.