Holocene Advisors LP Purchases Shares of 140,449 Invitation Homes Inc. (NYSE:INVH)

Holocene Advisors LP acquired a new stake in Invitation Homes Inc. (NYSE:INVH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 140,449 shares of the company's stock, valued at approximately $4,952,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. raised its holdings in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new position in Invitation Homes in the 3rd quarter worth about $40,000. Family Firm Inc. acquired a new position in Invitation Homes in the 2nd quarter worth about $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes in the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes in the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INVH. Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. UBS Group increased their target price on Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Finally, Wells Fargo & Company cut Invitation Homes from an "overweight" rating to an "equal weight" rating and increased their target price for the company from $37.00 to $38.00 in a report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.80.

Invitation Homes Trading Down 1.1 %

NYSE:INVH traded down $0.36 during trading hours on Thursday, reaching $33.58. 3,184,067 shares of the stock were exchanged, compared to its average volume of 3,359,060. 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 business has a 50-day moving average of $33.79 and a two-hundred day moving average of $34.95. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The company has a market capitalization of $20.57 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 5.11 and a beta of 1.03.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's payout ratio is currently 157.75%.

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.