Signaturefd LLC Has $218,000 Stake in Invitation Homes Inc. (NYSE:INVH)

Signaturefd LLC lifted its position in Invitation Homes Inc. (NYSE:INVH) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,390 shares of the company’s stock after acquiring an additional 993 shares during the period. Signaturefd LLC’s holdings in Invitation Homes were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. abrdn plc raised its stake in shares of Invitation Homes by 31.0% in the fourth quarter. abrdn plc now owns 503,294 shares of the company’s stock valued at $17,167,000 after purchasing an additional 119,180 shares in the last quarter. Ninepoint Partners LP acquired a new position in shares of Invitation Homes in the fourth quarter valued at $109,000. Calamos Advisors LLC raised its stake in shares of Invitation Homes by 0.8% in the fourth quarter. Calamos Advisors LLC now owns 124,645 shares of the company’s stock valued at $4,252,000 after purchasing an additional 950 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Invitation Homes by 96.5% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,161 shares of the company’s stock valued at $74,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Wealth Alliance raised its stake in shares of Invitation Homes by 9.0% in the fourth quarter. Wealth Alliance now owns 7,394 shares of the company’s stock valued at $252,000 after purchasing an additional 610 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Invitation Homes stock opened at $34.72 on Friday. The business’s 50-day simple moving average is $34.38 and its 200 day simple moving average is $33.44. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 2.04 and a beta of 0.94. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.53. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53.

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

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was 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 in the company, valued at $1,287,035.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. Citigroup reiterated a “neutral” rating and set a $39.00 price objective on shares of Invitation Homes in a research note on Friday, March 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Thursday, February 15th. Raymond James increased their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Jefferies Financial Group upgraded Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and a consensus price target of $38.19.

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.