Fmr LLC Grows Position in Invitation Homes Inc. (NYSE:INVH)

FMR LLC grew its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,813,744 shares of the company's stock after acquiring an additional 753,464 shares during the quarter. FMR LLC owned about 3.07% of Invitation Homes worth $663,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of INVH. Daiwa Securities Group Inc. increased its holdings in shares of Invitation Homes by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after purchasing an additional 997,353 shares during the period. KBC Group NV increased its holdings in Invitation Homes by 450.8% in the 3rd quarter. KBC Group NV now owns 586,832 shares of the company's stock worth $20,691,000 after buying an additional 480,291 shares during the period. Citigroup Inc. raised its position in Invitation Homes by 63.6% during the 3rd quarter. Citigroup Inc. now owns 1,183,552 shares of the company's stock worth $41,732,000 after buying an additional 460,128 shares during the last quarter. Swedbank AB acquired a new stake in Invitation Homes during the 1st quarter valued at approximately $16,368,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Invitation Homes in the 2nd quarter valued at $13,123,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Down 0.9 %

NYSE:INVH traded down $0.31 during trading hours on Friday, hitting $34.30. The company's stock had a trading volume of 2,162,210 shares, compared to its average volume of 3,369,264. The stock has a fifty day moving average of $33.95 and a 200-day moving average of $34.99. The stock has a market capitalization of $21.01 billion, a P/E ratio of 48.31, a price-to-earnings-growth ratio of 5.26 and a beta of 1.02. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is 157.75%.

Wall Street Analysts Forecast Growth

INVH has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Mizuho decreased their target price on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised 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, Scotiabank decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a research report on Tuesday, September 10th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Invitation Homes has an average rating of "Moderate Buy" and an average price target of $38.80.

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.