Cetera Investment Advisers Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

Cetera Investment Advisers reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,730 shares of the company’s stock after selling 634 shares during the quarter. Cetera Investment Advisers’ holdings in Invitation Homes were worth $599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Centiva Capital LP bought a new stake in shares of Invitation Homes in the fourth quarter worth $2,697,000. Bayesian Capital Management LP acquired a new position in Invitation Homes during the 4th quarter worth $1,033,000. BNP Paribas Financial Markets grew its holdings in Invitation Homes by 110.1% during the 4th quarter. BNP Paribas Financial Markets now owns 2,158,395 shares of the company’s stock worth $69,004,000 after acquiring an additional 1,131,029 shares in the last quarter. Alethea Capital Management LLC bought a new stake in shares of Invitation Homes in the 4th quarter worth about $392,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Invitation Homes by 36.5% in the 4th quarter. Ameriprise Financial Inc. now owns 3,969,533 shares of the company’s stock valued at $123,634,000 after purchasing an additional 1,060,805 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 0.3%

INVH stock opened at $33.01 on Tuesday. The stock has a market cap of $20.23 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 4.70 and a beta of 0.87. The firm’s 50-day simple moving average is $33.68 and its 200 day simple moving average is $32.90. Invitation Homes Inc. has a fifty-two week low of $29.37 and a fifty-two week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. As a group, sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, March 27th. Invitation Homes’s dividend payout ratio is currently 150.65%.

Analysts Set New Price Targets

A number of research firms recently commented on INVH. Barclays lifted their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Raymond James lifted their target price on Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Scotiabank boosted their price target on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Oppenheimer upped their price target on Invitation Homes from $39.00 to $41.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.94.

Invitation Homes Company 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.