Bank of Montreal Can Buys 29,260 Shares of Invitation Homes Inc. (NYSE:INVH)

Bank of Montreal Can increased its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,117 shares of the company's stock after buying an additional 29,260 shares during the period. Bank of Montreal Can owned 0.09% of Invitation Homes worth $20,094,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Square LLC raised its stake in Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company's stock valued at $837,000 after purchasing an additional 308 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock worth $414,264,000 after buying an additional 997,353 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of Invitation Homes during the 3rd quarter valued at about $107,000. Swedbank AB lifted its holdings in shares of Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company's stock valued at $20,269,000 after acquiring an additional 115,211 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Invitation Homes by 43.6% in the third quarter. Cerity Partners LLC now owns 22,029 shares of the company's stock worth $777,000 after acquiring an additional 6,685 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Down 1.0 %

Shares of INVH stock traded down $0.36 during mid-day trading on Friday, hitting $34.25. The stock had a trading volume of 2,162,211 shares, compared to its average volume of 3,369,264. The firm has a market capitalization of $20.98 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 5.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The firm's 50-day moving average is $33.91 and its two-hundred day moving average is $34.99.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's payout ratio is 157.75%.

Analyst Ratings Changes

INVH has been the topic of several analyst reports. Bank of America cut Invitation Homes from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Evercore ISI boosted their target price on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. JPMorgan Chase & Co. raised their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Finally, UBS Group increased their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.80.

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.