Invitation Homes Inc. (NYSE:INVH) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 71.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,326 shares of the company's stock after selling 355,694 shares during the period. Duff & Phelps Investment Management Co.'s holdings in Invitation Homes were worth $5,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after buying an additional 641 shares during the last quarter. Paladin Wealth LLC acquired a new position in Invitation Homes in the 3rd quarter worth approximately $40,000. Family Firm Inc. purchased a new position in Invitation Homes during the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes during the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes during the 2nd quarter valued at approximately $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Price Performance

INVH traded down $0.36 on Tuesday, hitting $33.32. 3,129,437 shares of the company's stock were exchanged, compared to its average volume of 3,347,670. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 5.09 and a beta of 1.03. The firm has a 50-day moving average price of $33.67 and a 200-day moving average price of $34.91. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.36%. Invitation Homes's dividend payout ratio is presently 157.75%.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of research reports. Royal Bank of Canada cut their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. Keefe, Bruyette & Woods reduced their price objective on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. UBS Group lifted 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. Scotiabank lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Tuesday, September 10th. Finally, Mizuho dropped their price objective 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. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.