Invitation Homes Inc. (NYSE:INVH) Shares Bought by Stifel Financial Corp

Stifel Financial Corp lifted its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 33.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,288 shares of the company's stock after purchasing an additional 22,816 shares during the quarter. Stifel Financial Corp's holdings in Invitation Homes were worth $2,918,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of 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. lifted its holdings 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 purchasing an additional 825 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company's stock worth $33,000 after purchasing an additional 378 shares in the last quarter. Allworth Financial LP raised its position 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 last quarter. Finally, Center for Financial Planning Inc. purchased a new position in Invitation Homes in the 4th quarter valued at about $48,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Stock Up 1.0 %

Shares of NYSE:INVH opened at $35.45 on Friday. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 4.70 and a beta of 0.87. Invitation Homes Inc. has a 12-month low of $29.37 and a 12-month high of $37.80. The business has a 50-day moving average price of $33.54 and a 200 day moving average price of $32.82. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $663.77 million. During the same period last year, the business earned $0.47 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company 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 of this dividend was Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.27%. Invitation Homes's dividend payout ratio is currently 150.65%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and reduced their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Royal Bank of Canada raised their price objective on Invitation Homes from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Friday. Mizuho raised shares of Invitation Homes from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Barclays reiterated an "overweight" rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Finally, Morgan Stanley cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $37.50.

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.

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