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

First Financial Bankshares Inc lifted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,055,972 shares of the company’s stock after purchasing an additional 15,723 shares during the quarter. First Financial Bankshares Inc owned about 0.17% of Invitation Homes worth $33,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of INVH. Lindbrook Capital LLC grew its holdings in shares of Invitation Homes by 58.4% during the 4th quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares during the period. Allworth Financial LP boosted its holdings in Invitation Homes by 101.2% during the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after acquiring an additional 702 shares during the period. Finally, Assetmark Inc. boosted its holdings in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 1,232 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $34.01 on Wednesday. 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 fifty-two week low of $30.13 and a fifty-two week high of $37.80. The firm has a market capitalization of $20.84 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The stock’s 50-day simple moving average is $31.97 and its 200-day simple moving average is $33.24.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. As a group, equities research analysts forecast 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 Thursday, April 17th. Stockholders of record on Monday, March 17th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 158.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft cut 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 report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their target price on Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Barclays restated an “overweight” rating and set a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Finally, Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Invitation Homes has a consensus rating of “Hold” and a consensus target price of $37.65.

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.