Global Wealth Management Investment Advisory Inc. Purchases 4,635 Shares of Invitation Homes Inc. (NYSE:INVH)

Global Wealth Management Investment Advisory Inc. grew its position in shares of Invitation Homes Inc. (NYSE:INVH) by 53.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,360 shares of the company’s stock after purchasing an additional 4,635 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Invitation Homes were worth $456,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. increased its position in shares of Invitation Homes by 2.2% during the 3rd quarter. Alps Advisors Inc. now owns 17,515 shares of the company’s stock valued at $555,000 after purchasing an additional 372 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of Invitation Homes by 2.4% during the 3rd quarter. Park Avenue Securities LLC now owns 17,781 shares of the company’s stock valued at $563,000 after purchasing an additional 421 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Invitation Homes by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 144,841 shares of the company’s stock valued at $4,590,000 after purchasing an additional 473 shares during the last quarter. Wealth Alliance grew its position in Invitation Homes by 9.0% during the 4th quarter. Wealth Alliance now owns 7,394 shares of the company’s stock worth $252,000 after acquiring an additional 610 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Invitation Homes by 0.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 120,324 shares of the company’s stock worth $3,813,000 after acquiring an additional 638 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Down 0.4 %

INVH opened at $34.08 on Thursday. The stock has a market cap of $20.87 billion, a PE ratio of 39.17, a PEG ratio of 2.02 and a beta of 0.95. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $34.47 and a 200-day moving average of $33.48. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53.

Invitation Homes (NYSE:INVH) last released its earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $624.32 million during the quarter, compared to analysts’ expectations of $623.51 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.28%. Equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s payout ratio is presently 128.74%.

Insider Activity

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the business’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 sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on INVH shares. KeyCorp raised their price target on Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, January 5th. Citigroup restated a “neutral” rating and set a $39.00 price target on shares of Invitation Homes in a research report on Friday, March 22nd. Oppenheimer raised their price target on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. JMP Securities restated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, March 7th. Finally, Mizuho raised their price target on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.19.

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.