Proficio Capital Partners LLC Purchases Shares of 27,130 Invitation Homes Inc. (NYSE:INVH)

Proficio Capital Partners LLC purchased a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,130 shares of the company’s stock, valued at approximately $867,000.

Other hedge funds also recently bought and sold shares of the company. Orion Portfolio Solutions LLC bought a new stake in Invitation Homes during the third quarter valued at about $263,000. Swedbank AB boosted its holdings in Invitation Homes by 25.1% during the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after acquiring an additional 115,211 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Invitation Homes during the third quarter valued at about $3,825,000. HighTower Advisors LLC boosted its holdings in Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after acquiring an additional 61,973 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Invitation Homes during the third quarter valued at about $4,876,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INVH shares. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Barclays cut their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $37.53.

Invitation Homes Stock Up 1.2 %

INVH stock opened at $34.19 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $31.69 and a two-hundred day moving average price of $33.40. The company has a market cap of $20.94 billion, a price-to-earnings ratio of 48.15, a P/E/G ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80.

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

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

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.