Alliancebernstein L.P. Increases Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Alliancebernstein L.P. boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,285,538 shares of the company’s stock after acquiring an additional 155,648 shares during the quarter. Alliancebernstein L.P. owned about 0.21% of Invitation Homes worth $41,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVH. Lindbrook Capital LLC boosted its stake in shares of Invitation Homes by 58.4% in the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after buying an additional 378 shares during the last quarter. Allworth Financial LP grew its stake 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 valued at $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Invitation Homes during the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH opened at $32.49 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $19.91 billion, a P/E ratio of 45.76, a PEG ratio of 4.70 and a beta of 0.86. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The stock has a fifty day moving average price of $32.84 and a 200 day moving average price of $33.06.

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

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.57%. Invitation Homes’s dividend payout ratio is presently 158.90%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INVH shares. Keefe, Bruyette & Woods increased their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Barclays restated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average price target of $37.47.

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.