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

Prestige Wealth Management Group LLC boosted its position in Invitation Homes Inc. (NYSE:INVH) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,963 shares of the company’s stock after buying an additional 526 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Invitation Homes were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after acquiring an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Invitation Homes by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after purchasing an additional 780,760 shares during the period. FMR LLC raised its position in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Invitation Homes by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock valued at $36,225,000 after buying an additional 607,163 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Down 0.4 %

Shares of INVH stock opened at $34.09 on Wednesday. The business has a 50-day moving average of $32.25 and a 200 day moving average of $33.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The stock 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 released its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The company also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Analyst Ratings Changes

A number of equities analysts have weighed in on INVH shares. Keefe, Bruyette & Woods upped their target price 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 shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. JMP Securities reiterated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $36.00 in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Invitation Homes has an average rating of “Hold” and a consensus target price of $37.56.

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.