Marshall Wace LLP Invests $7.01 Million in Invitation Homes Inc. (NYSE:INVH)

Marshall Wace LLP bought a new position in Invitation Homes Inc. (NYSE:INVH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 219,164 shares of the company's stock, valued at approximately $7,007,000.

Several other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC increased its holdings in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. increased its holdings in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares during the period. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 702 shares during the period. Finally, Center for Financial Planning Inc. bought a new position in shares of Invitation Homes during the 4th quarter worth about $48,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Up 0.7 %

Shares of NYSE INVH traded up $0.25 during midday trading on Monday, hitting $34.03. The stock had a trading volume of 1,988,725 shares, compared to its average volume of 3,352,114. The company's 50-day simple moving average is $33.33 and its 200 day simple moving average is $32.79. The firm has a market cap of $20.86 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. 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 (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The company had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. Invitation Homes's dividend payout ratio is currently 158.90%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on INVH shares. Raymond James dropped their price objective on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and cut their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods increased their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $37.38.

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.