Creative Planning Boosts Stake in Invitation Homes Inc. (NYSE:INVH)

Creative Planning increased its stake in Invitation Homes Inc. (NYSE:INVH) by 11.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,529 shares of the company’s stock after acquiring an additional 2,699 shares during the period. Creative Planning’s holdings in Invitation Homes were worth $916,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INVH. BOK Financial Private Wealth Inc. purchased a new position in shares of Invitation Homes in the 1st quarter worth about $26,000. UMB Bank n.a. boosted its stake in Invitation Homes by 496.9% in 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 in the last quarter. Family Firm Inc. purchased a new stake in Invitation Homes in the second quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes during the second quarter worth approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on INVH. Royal Bank of Canada lowered shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $37.00 to $36.00 in a report on Monday, September 9th. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Scotiabank dropped their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. UBS Group lifted their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Invitation Homes Price Performance

Shares of INVH stock opened at $33.75 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 4.71 and a beta of 1.01. The business’s fifty day moving average is $35.58 and its 200 day moving average is $35.20. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The business had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Research analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. Invitation Homes’s payout ratio is currently 145.46%.

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.