Barclays PLC Cuts Stake in Invitation Homes Inc. (NYSE:INVH)

Barclays PLC cut its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 21.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,182,224 shares of the company's stock after selling 321,858 shares during the period. Barclays PLC owned approximately 0.19% of Invitation Homes worth $41,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its stake in Invitation Homes by 1.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 897,593 shares of the company's stock valued at $31,649,000 after purchasing an additional 16,478 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Invitation Homes in the third quarter valued at $263,000. XTX Topco Ltd purchased a new position in shares of Invitation Homes in the third quarter valued at $219,000. National Bank of Canada FI raised its stake in shares of Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock worth $40,362,000 after buying an additional 780,760 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Invitation Homes by 5.9% in the 3rd quarter. Wellington Management Group LLP now owns 51,908 shares of the company's stock worth $1,830,000 after buying an additional 2,877 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Bank of America lowered Invitation Homes from a "buy" rating to a "neutral" rating and reduced their target price for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Scotiabank dropped their price target on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a research report on Tuesday, September 10th. Evercore ISI boosted their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, Keefe, Bruyette & Woods decreased 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. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Invitation Homes has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Invitation Homes Trading Down 0.3 %

Shares of NYSE INVH traded down $0.11 during trading on Friday, hitting $33.07. 1,637,790 shares of the company traded hands, compared to its average volume of 3,338,554. The firm has a market capitalization of $20.26 billion, a P/E ratio of 46.58, a P/E/G ratio of 5.06 and a beta of 1.03. 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 company has a 50-day moving average price of $33.60 and a 200-day moving average price of $34.88. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.51%. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's payout ratio is 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.