Farther Finance Advisors LLC Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Farther Finance Advisors LLC decreased its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,395 shares of the company’s stock after selling 533 shares during the quarter. Farther Finance Advisors LLC’s holdings in Invitation Homes were worth $588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock valued at $117,000 after buying an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in Invitation Homes during the 3rd quarter valued at about $263,000. Charles Schwab Investment Management Inc. lifted its holdings in Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after buying an additional 31,184 shares in the last quarter. Swedbank AB lifted its holdings in Invitation Homes by 25.1% during the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after buying an additional 115,211 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invitation Homes during the 3rd quarter valued at about $3,825,000. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $39.00 to $35.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Barclays restated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Invitation Homes has a consensus rating of “Hold” and a consensus target price of $37.65.

Invitation Homes Stock Up 1.7 %

NYSE:INVH opened at $33.46 on Friday. The company has a market cap of $20.50 billion, a PE ratio of 47.13, a P/E/G ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $31.86 and its two-hundred day moving average is $33.30.

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 the consensus estimate of $0.47. The company had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.47%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio is presently 158.90%.

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.