Sequoia Financial Advisors LLC Makes New $330,000 Investment in Invitation Homes Inc. (NYSE:INVH)

Sequoia Financial Advisors LLC bought a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,685 shares of the company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of Invitation Homes during the fourth quarter worth $292,000. Nisa Investment Advisors LLC raised its holdings in shares of Invitation Homes by 101.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 665,559 shares of the company’s stock worth $22,702,000 after purchasing an additional 334,664 shares during the period. LDR Capital Management LLC raised its holdings in shares of Invitation Homes by 64.8% during the fourth quarter. LDR Capital Management LLC now owns 51,004 shares of the company’s stock worth $1,740,000 after purchasing an additional 20,061 shares during the period. Arizona State Retirement System raised its holdings in shares of Invitation Homes by 0.7% during the fourth quarter. Arizona State Retirement System now owns 168,190 shares of the company’s stock worth $5,737,000 after purchasing an additional 1,246 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Invitation Homes by 3.7% during the fourth quarter. Fifth Third Bancorp now owns 42,774 shares of the company’s stock worth $1,459,000 after purchasing an additional 1,523 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Invitation Homes

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH opened at $33.41 on Friday. The firm has a market cap of $20.46 billion, a PE ratio of 39.77, a PEG ratio of 1.96 and a beta of 0.94. The firm’s 50 day moving average price is $34.21 and its 200 day moving average price is $33.33. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a twelve month low of $28.49 and a twelve month high of $36.53.

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

Invitation Homes Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on INVH shares. Mizuho upped their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Oppenheimer upped their price target on shares of Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Thursday, February 15th. Finally, Evercore ISI restated an “in-line” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.19.

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.