Prestige Wealth Management Group LLC Acquires 526 Shares of Invitation Homes Inc. (NYSE:INVH)

Prestige Wealth Management Group LLC boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,963 shares of the company’s stock after purchasing an additional 526 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Invitation Homes were worth $257,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company’s stock worth $117,000 after acquiring an additional 2,344 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in Invitation Homes in the third quarter worth $263,000. Charles Schwab Investment Management Inc. lifted its position in Invitation Homes by 0.5% during the fourth 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 during the period. Swedbank AB boosted its holdings in shares of 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, HighTower Advisors LLC grew its position in shares of Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after buying an additional 61,973 shares during the period. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on INVH shares. Barclays reissued an “overweight” rating and set a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods upped their price target on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.56.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.09 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average price of $32.25 and a 200-day moving average price of $33.15. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80. The firm has a market capitalization of $20.89 billion, a PE ratio of 48.01, a P/E/G ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.40%. Invitation Homes’s payout ratio is 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.