Brown Financial Advisors Acquires New Holdings in Invitation Homes Inc. (NYSE:INVH)

Brown Financial Advisors bought a new stake in Invitation Homes Inc. (NYSE:INVH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,949 shares of the company’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in INVH. BOK Financial Private Wealth Inc. acquired a new position in shares of Invitation Homes during the 1st quarter worth about $26,000. UMB Bank n.a. raised its position in Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Invitation Homes during the second quarter worth $45,000. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on INVH. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. UBS Group upped their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a report on Tuesday, July 30th. Royal Bank of Canada lowered shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $37.00 to $36.00 in a report on Monday, September 9th. Finally, Scotiabank decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.05.

Invitation Homes Price Performance

Shares of INVH opened at $34.39 on Thursday. The company has a market capitalization of $21.07 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 4.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50-day moving average is $35.74 and its 200-day moving average is $35.25. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The firm had revenue of $653.45 million for the quarter, compared to analyst estimates of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Equities 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 announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s payout ratio is 128.74%.

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.