Assetmark Inc. Grows Position in Invitation Homes Inc. (NYSE:INVH)

Assetmark Inc. grew its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 179.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,650 shares of the company’s stock after purchasing an additional 2,344 shares during the quarter. Assetmark Inc.’s holdings in Invitation Homes were worth $117,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Invitation Homes by 5.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 11,495 shares of the company’s stock valued at $366,000 after purchasing an additional 608 shares during the period. Nicola Wealth Management LTD. raised its holdings in shares of Invitation Homes by 29.6% during the fourth quarter. Nicola Wealth Management LTD. now owns 60,048 shares of the company’s stock valued at $1,920,000 after acquiring an additional 13,700 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company’s stock valued at $210,952,000 after acquiring an additional 31,184 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Invitation Homes by 78.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,836 shares of the company’s stock valued at $59,000 after acquiring an additional 806 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Invitation Homes by 654.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after acquiring an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.7 %

NYSE INVH opened at $33.46 on Friday. Invitation Homes Inc. has a 12 month low of $30.13 and a 12 month high of $37.80. The stock has a market cap of $20.50 billion, a P/E ratio of 47.13, a P/E/G ratio of 4.70 and a beta of 1.03. The stock’s fifty day moving average price is $31.83 and its 200-day moving average price is $33.34. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $658.71 million. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.47%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and upped their target price for the company from $33.00 to $36.00 in a report on Thursday. Barclays restated an “overweight” rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.65.

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.