Wealth Alliance Increases Holdings in Invitation Homes Inc. (NYSE:INVH)

Wealth Alliance boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 9.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,394 shares of the company’s stock after buying an additional 610 shares during the quarter. Wealth Alliance’s holdings in Invitation Homes were worth $252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. acquired a new position in Invitation Homes in the 4th quarter valued at $27,000. Coppell Advisory Solutions LLC acquired a new position in Invitation Homes in the 2nd quarter valued at $31,000. Clear Street Markets LLC raised its holdings in Invitation Homes by 117.4% in the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock valued at $32,000 after acquiring an additional 588 shares during the last quarter. NBC Securities Inc. acquired a new position in Invitation Homes in the 3rd quarter valued at $86,000. Finally, Covestor Ltd raised its holdings in Invitation Homes by 848.0% in the 1st quarter. Covestor Ltd now owns 2,351 shares of the company’s stock valued at $94,000 after acquiring an additional 2,103 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on INVH. Oppenheimer boosted their price target on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. BNP Paribas initiated coverage on Invitation Homes in a report on Monday, January 22nd. They set an “outperform” rating and a $39.00 price objective for the company. Evercore ISI restated an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a report on Monday, March 18th. KeyCorp upped their price objective on Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Finally, Raymond James upped their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.19.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.41 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a 50-day moving average of $34.21 and a two-hundred day moving average of $33.33. The stock has a market cap of $20.46 billion, a P/E ratio of 39.77, a PEG ratio of 1.96 and a beta of 0.94. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $624.32 million during the quarter, compared to analysts’ expectations of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. On average, research analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, March 28th will be given a $0.28 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.35%. Invitation Homes’s payout ratio is currently 133.33%.

About Invitation Homes

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.