Jones Financial Companies Lllp Buys 806 Shares of Invitation Homes Inc. (NYSE:INVH)

Jones Financial Companies Lllp lifted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 78.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,836 shares of the company’s stock after acquiring an additional 806 shares during the period. Jones Financial Companies Lllp’s holdings in Invitation Homes were worth $59,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State Street Corp increased its position in shares of Invitation Homes by 0.8% during the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after acquiring an additional 298,307 shares in the last quarter. FMR LLC grew its position in Invitation Homes by 4.2% in the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Invitation Homes by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after purchasing an additional 248,701 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Invitation Homes by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Mizuho upgraded shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price target for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. Barclays reiterated an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.65.

Invitation Homes Trading Up 1.0 %

Shares of Invitation Homes stock opened at $33.81 on Tuesday. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 47.62, a PEG ratio of 4.70 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $31.86 and its 200-day moving average price is $33.28.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm had revenue of $659.13 million for the quarter, compared to the consensus estimate of $658.71 million. On average, equities analysts expect that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

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.