Raymond James Financial Services Advisors Inc. Has $1.49 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 66.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,535 shares of the company's stock after selling 87,198 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Invitation Homes were worth $1,485,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Coppell Advisory Solutions Corp. purchased a new stake in Invitation Homes in the 4th quarter worth approximately $27,000. Coppell Advisory Solutions LLC purchased a new stake in Invitation Homes in the 2nd quarter worth approximately $31,000. Clear Street Markets LLC grew its stake in Invitation Homes by 117.4% in the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company's stock worth $32,000 after acquiring an additional 588 shares during the period. NBC Securities Inc. purchased a new stake in shares of Invitation Homes during the 3rd quarter valued at $86,000. Finally, Covestor Ltd grew its stake in shares of Invitation Homes by 848.0% during the 1st quarter. Covestor Ltd now owns 2,351 shares of the company's stock valued at $94,000 after buying an additional 2,103 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating for the company in a research note on Tuesday, February 27th. Evercore ISI reissued an "in-line" rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. BNP Paribas assumed coverage on shares of Invitation Homes in a research note on Monday, January 22nd. They set an "outperform" rating and a $39.00 price objective for the company. Raymond James boosted their price objective on shares of Invitation Homes from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Finally, Citigroup reissued a "neutral" rating and set a $39.00 price objective on shares of Invitation Homes in a research note on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.19.

Invitation Homes Stock Down 2.0 %

INVH stock traded down $0.69 during trading on Friday, reaching $33.92. The stock had a trading volume of 3,204,646 shares, compared to its average volume of 2,802,765. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $20.78 billion, a P/E ratio of 40.38, a PEG ratio of 2.04 and a beta of 0.94. The firm has a fifty day moving average price of $34.15 and a 200 day moving average price of $33.30.

Invitation Homes (NYSE:INVH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The firm had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. On average, equities analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Thursday, March 28th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.30%. Invitation Homes's dividend payout ratio (DPR) is presently 133.33%.

Insider Activity

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares in the company, valued at approximately $1,287,035.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company's stock.

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.