Alethea Capital Management LLC Acquires New Holdings in Invitation Homes Inc. (NYSE:INVH)

Alethea Capital Management LLC acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,246 shares of the company's stock, valued at approximately $392,000. Invitation Homes comprises approximately 0.3% of Alethea Capital Management LLC's investment portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtus ETF Advisers LLC boosted its holdings in Invitation Homes by 7.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock valued at $157,000 after acquiring an additional 319 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company's stock valued at $29,000 after purchasing an additional 329 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 378 shares during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in Invitation Homes by 1.2% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after buying an additional 408 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Invitation Homes by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock valued at $235,000 after buying an additional 412 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Invitation Homes stock traded up $0.24 during trading hours on Friday, hitting $34.81. The stock had a trading volume of 781,405 shares, compared to its average volume of 3,092,023. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year 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. The stock's fifty day moving average is $33.66 and its two-hundred day moving average is $32.85. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 4.70 and a beta of 0.87.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, March 27th. Invitation Homes's payout ratio is 150.65%.

Analyst Ratings Changes

A number of equities analysts have recently commented on INVH shares. Raymond James boosted their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday. Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Oppenheimer raised their price objective on shares of Invitation Homes from $39.00 to $41.00 and gave the company an "outperform" rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Invitation Homes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price target on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.88.

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.