Virtu Financial LLC Invests $413,000 in Invitation Homes Inc. (NYSE:INVH)

Virtu Financial LLC bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,929 shares of the company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings 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 buying an additional 329 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares in 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 valued at $33,000 after acquiring an additional 378 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Invitation Homes in the 3rd quarter worth $49,000. Finally, Allworth Financial LP lifted its stake in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after purchasing an additional 702 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Invitation Homes Trading Up 0.8 %

Shares of NYSE INVH opened at $34.35 on Thursday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. 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 company has a market cap of $21.04 billion, a price-to-earnings ratio of 48.37, a PEG ratio of 4.70 and a beta of 1.03. The business’s 50 day moving average price is $32.31 and its 200-day moving average price is $33.14.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, sell-side analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued 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 3.38%. Invitation Homes’s dividend payout ratio is currently 158.90%.

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.