Alliancebernstein L.P. Has $9.88 Million Position in Invitation Homes Inc (INVH)

Alliancebernstein L.P. boosted its position in shares of Invitation Homes Inc (NYSE:INVH) by 140.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 418,982 shares of the company’s stock after acquiring an additional 244,399 shares during the period. Alliancebernstein L.P.’s holdings in Invitation Homes were worth $9,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Invitation Homes by 344.8% during the 4th quarter. BlackRock Inc. now owns 21,966,336 shares of the company’s stock valued at $517,746,000 after purchasing an additional 17,028,345 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Invitation Homes by 1,605.4% during the fourth quarter. Bank of New York Mellon Corp now owns 8,722,439 shares of the company’s stock valued at $205,587,000 after purchasing an additional 8,210,968 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Invitation Homes by 97,434.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,412,602 shares of the company’s stock valued at $174,715,000 after purchasing an additional 7,405,002 shares in the last quarter. Cbre Clarion Securities LLC lifted its holdings in Invitation Homes by 173.5% during the fourth quarter. Cbre Clarion Securities LLC now owns 11,641,783 shares of the company’s stock valued at $274,397,000 after purchasing an additional 7,385,803 shares in the last quarter. Finally, PGGM Investments purchased a new position in Invitation Homes during the fourth quarter valued at $96,661,000.

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Invitation Homes stock opened at $21.90 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $6,874.70 and a PE ratio of -73.00. Invitation Homes Inc has a 52 week low of $20.25 and a 52 week high of $24.30.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $329.95 million for the quarter, compared to the consensus estimate of $330.16 million. Invitation Homes had a negative net margin of 10.02% and a negative return on equity of 2.91%. Invitation Homes’s quarterly revenue was up 40.7% on a year-over-year basis. research analysts anticipate that Invitation Homes Inc will post 1.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 13th were paid a $0.11 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, February 12th. Invitation Homes’s dividend payout ratio (DPR) is currently -146.66%.

Several equities analysts have issued reports on INVH shares. Citigroup started coverage on shares of Invitation Homes in a report on Friday, December 8th. They set a “buy” rating and a $27.00 price objective on the stock. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 price objective on shares of Invitation Homes in a report on Wednesday, November 29th. JPMorgan Chase & Co. started coverage on shares of Invitation Homes in a report on Tuesday, December 12th. They set an “overweight” rating on the stock. B. Riley set a $26.00 price objective on shares of Invitation Homes and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, Mizuho reaffirmed a “buy” rating and set a $25.00 price objective on shares of Invitation Homes in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Invitation Homes has an average rating of “Buy” and an average price target of $25.56.

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About Invitation Homes

Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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