Global Wealth Management Investment Advisory Inc. Acquires 4,238 Shares of Invitation Homes Inc. (NYSE:INVH)

Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 27.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,937 shares of the company’s stock after purchasing an additional 4,238 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Invitation Homes were worth $637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after purchasing an additional 298,307 shares in the last quarter. FMR LLC grew its position in shares of Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after buying an additional 753,464 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after acquiring an additional 997,353 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after acquiring an additional 248,701 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after acquiring 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

A number of brokerages recently commented on INVH. 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. Royal Bank of Canada decreased their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, Barclays lowered their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.47.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $31.61 on Monday. The company has a market capitalization of $19.36 billion, a PE ratio of 44.52, a PEG ratio of 4.62 and a beta of 1.04. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $31.84 and its 200-day moving average price is $33.74. Invitation Homes Inc. has a twelve month low of $30.13 and a twelve month high of $37.80.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.67%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

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.