Raymond James Financial Inc. Invests $7.25 Million in Invitation Homes Inc. (NYSE:INVH)

Raymond James Financial Inc. acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 226,796 shares of the company’s stock, valued at approximately $7,251,000.

A number of other institutional investors also recently made changes to their positions in INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after acquiring an additional 4,883,564 shares during the period. JPMorgan Chase & Co. raised its position in shares of Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after buying an additional 1,089,281 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares in the last quarter. National Bank of Canada FI raised its position in shares of Invitation Homes by 214.5% in the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares in the last quarter. Finally, FMR LLC raised its position in shares of Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 0.5 %

Shares of NYSE:INVH opened at $33.89 on Monday. The company has a fifty day moving average of $32.18 and a 200-day moving average of $33.17. The company has a market capitalization of $20.76 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80.

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

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.29 per share. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.42%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Analyst Upgrades and Downgrades

INVH has been the subject of a number of analyst reports. Barclays reiterated an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Hold” and an average target price of $37.56.

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.