EverSource Wealth Advisors LLC Acquires 4,338 Shares of Invitation Homes Inc. (NYSE:INVH)

EverSource Wealth Advisors LLC increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 3,772.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,453 shares of the company’s stock after purchasing an additional 4,338 shares during the period. EverSource Wealth Advisors LLC’s holdings in Invitation Homes were worth $142,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after buying an additional 329 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after acquiring an additional 825 shares during the period. Smartleaf Asset Management LLC increased its position in Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP raised its stake in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INVH. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Barclays reiterated an “overweight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Morgan Stanley lowered 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.65.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.81 on Tuesday. The stock has a market capitalization of $20.71 billion, a P/E ratio of 47.62, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The firm has a 50 day moving average of $31.86 and a 200-day moving average of $33.28.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. As a group, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 158.90%.

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.