Naviter Wealth LLC Purchases 5,587 Shares of Invitation Homes Inc. (NYSE:INVH)

Naviter Wealth LLC increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,728 shares of the company’s stock after acquiring an additional 5,587 shares during the period. Naviter Wealth LLC’s holdings in Invitation Homes were worth $1,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Invitation Homes by 96.5% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after buying an additional 1,061 shares during the period. GAMMA Investing LLC acquired a new stake in Invitation Homes during the 4th quarter worth $79,000. NBC Securities Inc. acquired a new stake in Invitation Homes during the 3rd quarter worth $86,000. Sentry Investment Management LLC bought a new stake in shares of Invitation Homes during the 3rd quarter valued at $106,000. Finally, Ninepoint Partners LP acquired a new position in shares of Invitation Homes in the 4th quarter valued at $109,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of analyst reports. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Mizuho increased their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. 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 report on Thursday, March 28th. Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $38.19.

Insider Buying and Selling

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.

Invitation Homes Stock Performance

NYSE:INVH opened at $34.15 on Tuesday. The stock has a 50 day simple moving average of $34.42 and a 200 day simple moving average of $33.46. The stock has a market cap of $20.92 billion, a P/E ratio of 41.17, a PEG ratio of 2.05 and a beta of 0.94. 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.

Invitation Homes (NYSE:INVH) last posted its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share 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 for the quarter, compared to analyst estimates of $623.51 million. Research analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. Invitation Homes’s payout ratio is 133.33%.

Invitation Homes Company Profile

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.