AE Wealth Management LLC Raises Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

AE Wealth Management LLC raised its holdings in Invitation Homes Inc. (NYSE:INVHGet Rating) by 16.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,107 shares of the company’s stock after acquiring an additional 1,736 shares during the quarter. AE Wealth Management LLC’s holdings in Invitation Homes were worth $409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC purchased a new stake in Invitation Homes in the second quarter valued at about $25,000. Pacer Advisors Inc. acquired a new position in shares of Invitation Homes in the third quarter valued at about $40,000. SeaCrest Wealth Management LLC acquired a new position in shares of Invitation Homes in the second quarter valued at about $57,000. Allworth Financial LP increased its holdings in shares of Invitation Homes by 190.5% in the third quarter. Allworth Financial LP now owns 1,714 shares of the company’s stock valued at $58,000 after purchasing an additional 1,124 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Invitation Homes by 36.5% in the second quarter. First Horizon Advisors Inc. now owns 1,799 shares of the company’s stock valued at $64,000 after purchasing an additional 481 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INVH. JMP Securities cut their price objective on Invitation Homes from $50.00 to $40.00 and set a “market outperform” rating on the stock in a report on Friday, October 28th. Credit Suisse Group lowered Invitation Homes from an “outperform” rating to a “neutral” rating and set a $31.00 target price on the stock. in a report on Monday, January 9th. Evercore ISI dropped their price objective on Invitation Homes to $38.00 in a report on Thursday, October 13th. Oppenheimer dropped their price objective on Invitation Homes to $35.00 in a report on Friday, November 4th. Finally, BTIG Research reissued a “buy” rating and issued a $38.00 price objective on shares of Invitation Homes in a report on Tuesday, November 22nd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.13.

Invitation Homes Stock Performance

NYSE INVH opened at $31.21 on Tuesday. Invitation Homes Inc. has a 1-year low of $28.52 and a 1-year high of $44.36. The company has a market cap of $19.08 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 2.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.11 and a quick ratio of 0.11. The stock’s 50 day simple moving average is $30.87 and its 200-day simple moving average is $34.04.

Invitation Homes (NYSE:INVHGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.29). Invitation Homes had a return on equity of 3.68% and a net margin of 16.38%. The company had revenue of $568.68 million for the quarter, compared to analysts’ expectations of $565.73 million. As a group, equities research analysts anticipate that Invitation Homes Inc. will post 1.61 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Tuesday, November 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, November 7th. This represents a $0.88 dividend on an annualized basis and a yield of 2.82%. Invitation Homes’s payout ratio is 151.73%.

Invitation Homes Profile

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Invitation Homes is the nation's premier single-family home leasing 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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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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