Prudential Financial Inc. Has $34.87 Million Holdings in Invitation Homes Inc. (NYSE:INVH)

Prudential Financial Inc. trimmed its holdings in Invitation Homes Inc. (NYSE:INVH) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,090,586 shares of the company’s stock after selling 103,640 shares during the period. Prudential Financial Inc. owned about 0.18% of Invitation Homes worth $34,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Lindbrook Capital LLC grew its position in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Invitation Homes by 654.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Invitation Homes by 58.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after acquiring an additional 378 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares during the period. Finally, Center for Financial Planning Inc. bought a new stake in Invitation Homes in the 4th quarter valued at $48,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, 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 note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and an average target price of $37.56.

Invitation Homes Stock Performance

INVH opened at $34.09 on Wednesday. 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 stock has a market cap of $20.89 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The business has a 50 day moving average of $32.25 and a 200-day moving average of $33.15.

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

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be issued a $0.29 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.16 annualized dividend and a yield of 3.40%. Invitation Homes’s dividend payout ratio is currently 158.90%.

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.