AE Wealth Management LLC Has $409,000 Position in Invitation Homes Inc. (NYSE:INVH)

AE Wealth Management LLC raised its position in Invitation Homes Inc. (NYSE:INVHGet Rating) by 16.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,107 shares of the company’s stock after acquiring an additional 1,736 shares during the quarter. AE Wealth Management LLC’s holdings in Invitation Homes were worth $409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its stake in Invitation Homes by 16.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,600 shares of the company’s stock worth $1,189,000 after purchasing an additional 4,111 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Invitation Homes during the 1st quarter worth approximately $373,000. MetLife Investment Management LLC acquired a new position in shares of Invitation Homes in the 1st quarter worth approximately $480,000. Yousif Capital Management LLC lifted its position in shares of Invitation Homes by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 36,134 shares of the company’s stock worth $1,452,000 after purchasing an additional 1,783 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in shares of Invitation Homes in the 1st quarter worth approximately $225,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INVH. Wolfe Research downgraded shares of Invitation Homes from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 29th. The Goldman Sachs Group lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the company from $38.00 to $35.00 in a research report on Thursday, December 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $44.00 to $34.00 in a report on Wednesday, January 4th. BTIG Research reaffirmed a “buy” rating and set a $38.00 price objective on shares of Invitation Homes in a report on Tuesday, November 22nd. Finally, Oppenheimer lowered their price target on shares of Invitation Homes to $35.00 in a report on Friday, November 4th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and an average target price of $36.13.

Invitation Homes Stock Down 0.6 %

Shares of NYSE INVH opened at $31.21 on Tuesday. Invitation Homes Inc. has a one year low of $28.52 and a one year high of $44.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.11 and a quick ratio of 0.11. The firm’s 50 day simple moving average is $30.87 and its two-hundred day simple moving average is $34.04. The stock has a market capitalization of $19.08 billion, a P/E ratio of 53.81, a PEG ratio of 2.97 and a beta of 0.85.

Invitation Homes (NYSE:INVHGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.29). The business had revenue of $568.68 million during the quarter, compared to analysts’ expectations of $565.73 million. Invitation Homes had a return on equity of 3.68% and a net margin of 16.38%. As a group, analysts expect that Invitation Homes Inc. will post 1.61 EPS for the current fiscal year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Monday, November 7th. Invitation Homes’s dividend payout ratio is presently 151.73%.

Invitation Homes Company Profile

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Invitation Homes is the nation's premier single-family home leasing 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.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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