Wealth Alliance Purchases 610 Shares of Invitation Homes Inc. (NYSE:INVH)

Wealth Alliance raised its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,394 shares of the company’s stock after acquiring 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.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. bought a new position in shares of Invitation Homes during the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC bought a new position in shares of Invitation Homes during the 2nd quarter worth about $31,000. Clear Street Markets LLC increased its holdings in shares of Invitation Homes by 117.4% during the 4th quarter. Clear Street Markets LLC now owns 1,089 shares of the company’s stock worth $32,000 after purchasing an additional 588 shares during the period. Covestor Ltd increased its holdings in shares of Invitation Homes by 848.0% during the 1st quarter. Covestor Ltd now owns 2,351 shares of the company’s stock worth $94,000 after purchasing an additional 2,103 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of Invitation Homes during the 3rd quarter worth about $86,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Trading Up 1.0 %

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

Invitation Homes (NYSE:INVH) last announced its earnings results 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). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The company had revenue of $624.32 million during the quarter, compared to the consensus estimate of $623.51 million. As a group, equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

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

Wall Street Analyst Weigh In

INVH has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Morgan Stanley decreased their target price on shares of Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 26th. Citigroup reiterated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. Mizuho lifted their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Invitation Homes presently has an average rating of “Moderate Buy” and an average price target of $38.19.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $34.75, for a total value of $347,500.00. Following the completion of the transaction, the chief financial officer now directly 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 at this hyperlink. Insiders own 0.28% of the company’s stock.

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.