GC Wealth Management RIA LLC Purchases 7,086 Shares of Invitation Homes Inc. (NYSE:INVH)

GC Wealth Management RIA LLC grew its position in Invitation Homes Inc. (NYSE:INVH) by 43.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,334 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Invitation Homes were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Invitation Homes by 767.8% in 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 valued at $194,621,000 after purchasing 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 purchasing an additional 1,089,281 shares during the period. 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 purchasing an additional 997,353 shares during the period. 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 purchasing an additional 780,760 shares during the period. 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 purchasing an additional 753,464 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.2 %

INVH opened at $34.27 on Tuesday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s fifty day moving average price is $31.69 and its two-hundred day moving average price is $33.37. The company has a market capitalization of $20.99 billion, a P/E ratio of 48.26, a P/E/G ratio of 4.70 and a beta of 1.03.

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

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 158.90%.

Analyst Ratings Changes

INVH has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock 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 dropped their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.53.

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.