Easterly Investment Partners LLC Buys New Stake in Invitation Homes Inc. (NYSE:INVH)

Easterly Investment Partners LLC bought a new position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,000 shares of the company's stock, valued at approximately $1,763,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INVH. UMB Bank n.a. lifted its holdings in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after buying an additional 641 shares during the last quarter. Paladin Wealth LLC purchased a new stake in Invitation Homes during the 3rd quarter worth about $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the 2nd quarter worth about $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in Invitation Homes during the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Invitation Homes in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 96.79% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on INVH shares. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a "hold" rating to a "buy" rating and boosted their target price for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a report on Tuesday, September 10th. Bank of America downgraded Invitation Homes from a "buy" rating to a "neutral" rating and reduced their target price for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Royal Bank of Canada reduced their target price 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. Finally, Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has an average rating of "Moderate Buy" and a consensus price target of $38.80.

Invitation Homes Stock Performance

NYSE INVH traded up $0.40 on Friday, hitting $33.70. 3,474,158 shares of the company's stock were exchanged, compared to its average volume of 3,608,376. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm's 50-day moving average price is $34.65 and its two-hundred day moving average price is $35.05. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 47.46, a P/E/G ratio of 4.73 and a beta of 1.02.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is 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.