1,214 Shares in Invitation Homes Inc. (NYSE:INVH) Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,214 shares of the company’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in Invitation Homes in the first quarter valued at about $26,000. UMB Bank n.a. boosted its position in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after buying an additional 641 shares during the period. Family Firm Inc. acquired a new position in shares of Invitation Homes during the second quarter worth about $42,000. Creekmur Asset Management LLC acquired a new position in shares of Invitation Homes during the fourth quarter worth about $46,000. Finally, Blue Trust Inc. boosted its position in shares of Invitation Homes by 644.7% during the second quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock worth $55,000 after buying an additional 1,341 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Invitation Homes stock opened at $37.02 on Monday. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $37.80. The stock’s 50 day moving average is $35.78 and its 200-day moving average is $35.17. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 4.50 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The firm had revenue of $653.45 million during the quarter, compared to analyst estimates of $654.70 million. Equities research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s payout ratio is 128.74%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INVH. Evercore ISI reduced their price objective on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, September 9th. Scotiabank reduced their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Barclays dropped their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.85.

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.