Center for Financial Planning Inc. Buys Shares of 1,500 Invitation Homes Inc. (NYSE:INVH)

Center for Financial Planning Inc. purchased a new stake in Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,500 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after buying an additional 1,232 shares during the last quarter. Brooklyn Investment Group acquired a new position in Invitation Homes in the third quarter worth approximately $49,000. Huntington National Bank increased its holdings in Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after buying an additional 699 shares during the last quarter. Intact Investment Management Inc. acquired a new position in Invitation Homes in the third quarter worth approximately $74,000. Finally, Centaurus Financial Inc. acquired a new position in Invitation Homes in the third quarter worth approximately $107,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INVH shares. Deutsche Bank Aktiengesellschaft downgraded 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 report on Tuesday, January 21st. Royal Bank of Canada lowered their price target 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. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Barclays lowered their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Invitation Homes presently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Down 1.2 %

Shares of INVH stock opened at $31.44 on Friday. The stock has a market cap of $19.26 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 4.62 and a beta of 1.04. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The stock has a fifty day moving average price of $31.63 and a 200 day moving average price of $33.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.69%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

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.