Connor Clark & Lunn Investment Management Ltd. Invests $3.83 Million in Invitation Homes Inc. (NYSE:INVH)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 108,466 shares of the company's stock, valued at approximately $3,825,000.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock worth $1,775,000 after purchasing an additional 310 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Invitation Homes by 6.5% during the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock valued at $197,000 after buying an additional 343 shares in the last quarter. CWM LLC raised its position in Invitation Homes by 5.1% during the third quarter. CWM LLC now owns 7,285 shares of the company's stock valued at $257,000 after buying an additional 351 shares during the period. Appleton Partners Inc. MA lifted its stake in Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company's stock worth $1,431,000 after acquiring an additional 365 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in Invitation Homes by 0.6% during the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock worth $2,279,000 after acquiring an additional 369 shares during the period. 96.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Scotiabank lowered their price target on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 10th. Royal Bank of Canada cut 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. The Goldman Sachs Group initiated coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 price objective for the company. Finally, UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Stock Performance

NYSE INVH traded up $0.06 during midday trading on Friday, hitting $33.88. The company had a trading volume of 2,127,563 shares, compared to its average volume of 3,741,130. The firm has a fifty day simple moving average of $34.10 and a two-hundred day simple moving average of $35.01. 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 stock has a market cap of $20.76 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02. 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 declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is presently 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.