Invitation Homes Inc. (NYSE:INVH) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,187 shares of the company's stock after selling 15,014 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Invitation Homes were worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Invitation Homes by 81.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,257 shares of the company's stock valued at $189,000 after acquiring an additional 2,363 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Invitation Homes during the 2nd quarter valued at about $13,123,000. Opal Wealth Advisors LLC purchased a new stake in shares of Invitation Homes during the 2nd quarter valued at about $109,000. Czech National Bank boosted its holdings in shares of Invitation Homes by 8.4% during the 2nd quarter. Czech National Bank now owns 109,721 shares of the company's stock valued at $3,938,000 after acquiring an additional 8,507 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Invitation Homes by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company's stock valued at $237,000 after acquiring an additional 409 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 1.1 %

Shares of INVH traded up $0.36 during midday trading on Wednesday, reaching $33.96. The company had a trading volume of 2,840,871 shares, compared to its average volume of 3,359,354. The stock has a market cap of $20.80 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 5.15 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. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The firm has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $34.96.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is 157.75%.

Analysts Set New Price Targets

A number of research firms have commented on INVH. The Goldman Sachs Group began coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price on the stock. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Mizuho dropped their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Evercore ISI boosted their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada decreased their price objective on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of "Moderate Buy" and a consensus target price of $38.80.

Invitation Homes Company 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.