Center for Financial Planning Inc. Acquires Shares of 1,500 Invitation Homes Inc. (NYSE:INVH)

Center for Financial Planning Inc. bought a new stake in Invitation Homes Inc. (NYSE:INVH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,500 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Invitation Homes in the third quarter valued at $49,000. Huntington National Bank increased its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after buying an additional 699 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of Invitation Homes in the third quarter valued at $74,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Invitation Homes in the third quarter valued at $107,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes Trading Down 1.2 %

NYSE INVH opened at $31.44 on Friday. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 4.62 and a beta of 1.04. The stock’s 50 day moving average price is $31.63 and its two-hundred day moving average price is $33.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week high of $37.80.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.69%. Invitation Homes’s payout ratio is presently 163.38%.

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.