Invitation Homes Inc. (NYSE:INVH) Position Increased by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 58.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 892 shares of the company’s stock after acquiring an additional 329 shares during the period. Lindbrook Capital LLC’s holdings in Invitation Homes were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of INVH. SRS Capital Advisors Inc. raised its holdings in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after acquiring an additional 825 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings 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 acquiring an additional 378 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new position in Invitation Homes during the fourth quarter worth $48,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INVH has been the topic of several analyst reports. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods increased their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Barclays lowered their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.53.

Invitation Homes Trading Up 1.2 %

Shares of NYSE:INVH opened at $34.19 on Friday. The company has a market cap of $20.94 billion, a P/E ratio of 48.15, a P/E/G ratio of 4.70 and a beta of 1.03. The stock’s 50-day moving average is $31.69 and its 200-day moving average is $33.40. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Equities research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.39%. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

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.