Franklin Resources Inc. Acquires 120,019 Shares of Invitation Homes Inc. (NYSE:INVH)

Franklin Resources Inc. boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 253.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,465 shares of the company’s stock after acquiring an additional 120,019 shares during the period. Franklin Resources Inc.’s holdings in Invitation Homes were worth $5,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Lindbrook Capital LLC increased its holdings in shares of Invitation Homes by 58.4% in the fourth 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 last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock valued at $1,133,000 after buying an additional 408 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Invitation Homes by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,345 shares of the company’s stock valued at $235,000 after acquiring an additional 412 shares during the period. Finally, Arbor Capital Management Inc. ADV lifted its position in Invitation Homes by 2.8% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 16,423 shares of the company’s stock worth $506,000 after acquiring an additional 442 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH stock opened at $31.63 on Friday. The business has a fifty day simple moving average of $32.89 and a 200 day simple moving average of $32.87. The company has a market cap of $19.38 billion, a P/E ratio of 44.54, a P/E/G ratio of 4.70 and a beta of 0.86. 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 Inc. has a twelve month low of $29.37 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH) last posted its earnings results 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, sell-side analysts forecast 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 of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.67%. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. Finally, Barclays restated an “overweight” rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and a consensus target price of $37.47.

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.