Invitation Homes Inc. (NYSE:INVH) Stock Position Boosted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,285,538 shares of the company’s stock after buying an additional 155,648 shares during the quarter. Alliancebernstein L.P.’s holdings in Invitation Homes were worth $41,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Invitation Homes during the fourth quarter valued at approximately $1,646,794,000. JPMorgan Chase & Co. increased its position in shares of Invitation Homes by 74.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,949,043 shares of the company’s stock valued at $350,041,000 after purchasing an additional 4,661,213 shares during the period. National Bank of Canada FI raised its stake in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after buying an additional 780,760 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Invitation Homes by 46.8% in the fourth quarter. American Century Companies Inc. now owns 1,242,939 shares of the company’s stock valued at $39,737,000 after buying an additional 396,319 shares during the period. Finally, State Street Corp boosted its stake in Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Price Performance

NYSE 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 firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 45.76, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. The company has a 50 day simple moving average of $32.84 and a 200-day simple moving average of $33.06. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million during 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 fiscal 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 paid a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a yield of 3.57%. Invitation Homes’s dividend payout ratio (DPR) is currently 158.90%.

Analyst Upgrades and Downgrades

Several brokerages have commented on INVH. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. 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 report on Wednesday, March 12th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.47.

Invitation Homes 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.