Paradigm Asset Management Co. LLC Purchases New Holdings in Invitation Homes Inc. (NYSE:INVH)

Paradigm Asset Management Co. LLC bought a new position in Invitation Homes Inc. (NYSE:INVH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,600 shares of the company's stock, valued at approximately $914,000.

A number of other hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC bought a new stake in Invitation Homes during the third quarter worth approximately $263,000. Swedbank AB increased its stake in Invitation Homes by 25.1% during the third quarter. Swedbank AB now owns 574,855 shares of the company's stock worth $20,269,000 after acquiring an additional 115,211 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Invitation Homes during the third quarter valued at approximately $3,825,000. HighTower Advisors LLC grew its stake in shares of Invitation Homes by 696.9% during the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after buying an additional 61,973 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Invitation Homes during the third quarter valued at approximately $4,876,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. JMP Securities reissued a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays dropped their price objective on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada dropped their price objective on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Invitation Homes presently has an average rating of "Hold" and an average price target of $37.47.

Invitation Homes Stock Performance

INVH traded up $0.07 during midday trading on Monday, hitting $31.96. 49,938 shares of the company were exchanged, compared to its average volume of 2,693,561. The company's 50 day simple moving average is $31.48 and its 200 day simple moving average is $33.52. The firm has a market capitalization of $19.58 billion, a price-to-earnings ratio of 44.95, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes's dividend payout ratio (DPR) is currently 163.38%.

About Invitation Homes

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.