Focus Partners Wealth Buys New Position in Invitation Homes Inc. (NYSE:INVH)

Focus Partners Wealth bought a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 52,024 shares of the company's stock, valued at approximately $1,663,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company's stock worth $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Invitation Homes by 24.1% in the 4th quarter. Park Avenue Securities LLC now owns 11,352 shares of the company's stock valued at $363,000 after buying an additional 2,202 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Invitation Homes by 19.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,756 shares of the company's stock worth $376,000 after buying an additional 1,948 shares in the last quarter. Presima Securities ULC raised its holdings in Invitation Homes by 10.1% in the fourth quarter. Presima Securities ULC now owns 717,940 shares of the company's stock valued at $22,953,000 after acquiring an additional 66,040 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Invitation Homes by 28.7% in the fourth quarter. Blue Trust Inc. now owns 7,957 shares of the company's stock worth $281,000 after acquiring an additional 1,775 shares during the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of a number of analyst reports. Morgan Stanley lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Scotiabank raised their price target on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays upped their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Oppenheimer raised their target price on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Invitation Homes from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, May 5th. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $37.94.

Invitation Homes Stock Performance

INVH traded down $0.07 during trading on Tuesday, hitting $34.33. The stock had a trading volume of 2,236,918 shares, compared to its average volume of 3,321,810. Invitation Homes Inc. has a twelve month low of $29.37 and a twelve month high of $37.80. The firm has a market capitalization of $21.04 billion, a P/E ratio of 48.35, a PEG ratio of 4.70 and a beta of 0.87. 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's 50-day moving average price is $33.70 and its 200 day moving average price is $32.89.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $674.48 million during the quarter, compared to analysts' expectations of $663.77 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Invitation Homes's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. 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 declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. Invitation Homes's payout ratio is 150.65%.

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.