Citigroup Inc. Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Citigroup Inc. raised its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 63.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,183,552 shares of the company's stock after purchasing an additional 460,128 shares during the quarter. Citigroup Inc. owned 0.19% of Invitation Homes worth $41,732,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of INVH. Canada Pension Plan Investment Board increased its holdings in Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock valued at $567,597,000 after purchasing an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock valued at $315,671,000 after buying an additional 170,374 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Invitation Homes by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company's stock valued at $231,562,000 after buying an additional 248,701 shares during the period. PGGM Investments lifted its stake in Invitation Homes by 4.9% during the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company's stock worth $176,812,000 after acquiring an additional 232,012 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Invitation Homes by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock valued at $125,330,000 after acquiring an additional 50,881 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of NYSE INVH traded down $0.04 during trading hours on Monday, reaching $33.84. The stock had a trading volume of 8,270,482 shares, compared to its average volume of 3,382,344. The firm has a 50-day moving average of $34.10 and a 200-day moving average of $35.01. The firm has a market cap of $20.73 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 5.15 and a beta of 1.02. 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 fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.31%. Invitation Homes's dividend payout ratio (DPR) is presently 157.75%.

Wall Street Analysts Forecast Growth

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