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

Farther Finance Advisors LLC reduced its holdings in Invitation Homes Inc. (NYSE:INVH) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,395 shares of the company’s stock after selling 533 shares during the period. Farther Finance Advisors LLC’s holdings in Invitation Homes were worth $588,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Invitation Homes by 3,772.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,453 shares of the company’s stock valued at $142,000 after acquiring an additional 4,338 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Invitation Homes by 10.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,450 shares of the company’s stock valued at $238,000 after acquiring an additional 682 shares during the last quarter. GC Wealth Management RIA LLC lifted its stake in shares of Invitation Homes by 43.6% in the 4th quarter. GC Wealth Management RIA LLC now owns 23,334 shares of the company’s stock valued at $746,000 after purchasing an additional 7,086 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Invitation Homes by 49.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 442,185 shares of the company’s stock valued at $14,137,000 after purchasing an additional 145,836 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Invitation Homes in the 4th quarter valued at $595,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.46 on Friday. The firm has a 50-day simple moving average of $31.86 and a 200-day simple moving average of $33.30. The stock has a market capitalization of $20.50 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million during 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, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 27th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Thursday. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Barclays restated an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.65.

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.