First Financial Bankshares Inc Grows Position in Invitation Homes Inc. (NYSE:INVH)

First Financial Bankshares Inc increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,055,972 shares of the company’s stock after buying an additional 15,723 shares during the quarter. First Financial Bankshares Inc’s holdings in Invitation Homes were worth $33,759,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its stake in shares of Invitation Homes by 58.4% in the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after purchasing an additional 825 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Invitation Homes by 58.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after purchasing an additional 378 shares during the last quarter. Allworth Financial LP grew its stake in shares of Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $33.00 to $36.00 in a research note on Thursday, March 13th. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group downgraded 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 restated an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.65.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.01 on Wednesday. The stock has a fifty day moving average price of $31.97 and a 200 day moving average price of $33.24. The stock has a market cap of $20.84 billion, a PE ratio of 47.90, a P/E/G ratio of 4.70 and a beta of 1.03. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. 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 (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Sell-side analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The business 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. The ex-dividend date is Thursday, March 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Invitation Homes’s dividend payout ratio (DPR) 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.