Ameriprise Financial Inc. Buys 1,060,805 Shares of Invitation Homes Inc. (NYSE:INVH)

Ameriprise Financial Inc. boosted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,969,533 shares of the company's stock after purchasing an additional 1,060,805 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.65% of Invitation Homes worth $123,634,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Virtus ETF Advisers LLC increased its stake in Invitation Homes by 7.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company's stock worth $157,000 after acquiring an additional 319 shares during the last quarter. Lindbrook Capital LLC increased its position in 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock valued at $33,000 after buying an additional 378 shares during the period. Sheaff Brock Investment Advisors LLC lifted its position in Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock valued at $1,133,000 after buying an additional 408 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Invitation Homes by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company's stock worth $235,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Stock Up 0.5 %

Shares of INVH traded up $0.18 during trading hours on Friday, hitting $34.75. 1,809,851 shares of the company were exchanged, compared to its average volume of 3,307,163. 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 $21.30 billion, a PE ratio of 48.94, a PEG ratio of 4.70 and a beta of 0.87. The firm's 50 day moving average is $33.67 and its 200-day moving average is $32.84. Invitation Homes Inc. has a 52 week low of $29.37 and a 52 week high of $37.80.

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

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes's payout ratio is 150.65%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INVH. Raymond James lifted their target price on shares of Invitation Homes from $36.00 to $39.00 and gave the company an "outperform" rating in a report on Friday. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays increased their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.