Sanctuary Advisors LLC Boosts Stake in Invitation Homes Inc. (NYSE:INVH)

Sanctuary Advisors LLC increased its holdings in Invitation Homes Inc. (NYSE:INVH) by 105.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,142 shares of the company’s stock after buying an additional 14,929 shares during the period. Sanctuary Advisors LLC’s holdings in Invitation Homes were worth $903,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in INVH. Creative Planning lifted its holdings in Invitation Homes by 2.4% in the 3rd quarter. Creative Planning now owns 26,129 shares of the company’s stock valued at $921,000 after purchasing an additional 600 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Invitation Homes by 11.4% during the third quarter. Assenagon Asset Management S.A. now owns 6,571 shares of the company’s stock worth $232,000 after buying an additional 675 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Invitation Homes by 30.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,650 shares of the company’s stock worth $2,613,000 after buying an additional 17,277 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Invitation Homes by 6.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,885 shares of the company’s stock worth $454,000 after purchasing an additional 752 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in Invitation Homes by 15.7% during the third quarter. First Trust Direct Indexing L.P. now owns 10,680 shares of the company’s stock worth $377,000 after purchasing an additional 1,450 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $33.35 on Friday. The stock has a market cap of $20.43 billion, a P/E ratio of 46.97, a P/E/G ratio of 4.70 and a beta of 1.04. The firm’s 50-day simple moving average is $31.45 and its 200 day simple moving average is $33.45. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. 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 (NYSE:INVH) last announced its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INVH shares. Royal Bank of Canada reduced their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and an average target price of $37.47.

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.