Invitation Homes Inc. (NYSE:INVH) Stock Holdings Lessened by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. reduced its holdings in Invitation Homes Inc. (NYSE:INVH) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,968 shares of the company’s stock after selling 3,188 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invitation Homes were worth $1,629,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Invitation Homes by 767.8% in the 3rd 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. lifted its position in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the last quarter. Daiwa Securities Group Inc. lifted its position 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 valued at $414,264,000 after purchasing an additional 997,353 shares during the last quarter. National Bank of Canada FI lifted its position in Invitation Homes by 214.5% in the 3rd 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 lifted its position in Invitation Homes by 4.2% in the 3rd 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 during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INVH has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price objective 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. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Barclays reissued an “overweight” rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and an average price target of $37.65.

Invitation Homes Stock Performance

Shares of INVH opened at $34.01 on Wednesday. The firm’s 50 day moving average is $31.97 and its 200-day moving average is $33.24. The stock has a market capitalization of $20.84 billion, a P/E ratio of 47.90, a P/E/G ratio of 4.70 and a beta of 1.03. 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 Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

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

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is currently 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.