Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,748,855 shares of the company's stock after acquiring an additional 997,353 shares during the quarter. Invitation Homes makes up about 1.9% of Daiwa Securities Group Inc.'s portfolio, making the stock its 12th biggest holding. Daiwa Securities Group Inc. owned approximately 1.92% of Invitation Homes worth $414,264,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Centaurus Financial Inc. acquired a new position in shares of Invitation Homes in the 3rd quarter worth approximately $107,000. Swedbank AB grew its stake in shares of Invitation Homes by 25.1% during the third quarter. Swedbank AB now owns 574,855 shares of the company's stock worth $20,269,000 after purchasing an additional 115,211 shares in the last quarter. Cerity Partners LLC boosted its holdings in Invitation Homes by 43.6% in the third quarter. Cerity Partners LLC now owns 22,029 shares of the company's stock valued at $777,000 after purchasing an additional 6,685 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Invitation Homes by 63.6% during the third quarter. Citigroup Inc. now owns 1,183,552 shares of the company's stock worth $41,732,000 after purchasing an additional 460,128 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Invitation Homes by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company's stock valued at $231,562,000 after acquiring an additional 248,701 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analysts Set New Price Targets

INVH has been the topic of several recent research reports. Royal Bank of Canada dropped their price target on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Mizuho decreased their price target on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Evercore ISI increased their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Invitation Homes presently has an average rating of "Moderate Buy" and an average target price of $38.80.

Invitation Homes Stock Performance

Shares of NYSE INVH traded up $0.06 during midday trading on Friday, hitting $33.88. The company's stock had a trading volume of 2,127,563 shares, compared to its average volume of 3,741,130. The firm has a market cap of $20.76 billion, a P/E ratio of 47.72, a P/E/G ratio of 5.14 and a beta of 1.02. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The firm's fifty day moving average price is $34.10 and its 200-day moving average price is $35.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's dividend payout ratio 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.