Invitation Homes Inc. (NYSE:INVH) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,693,436 shares of the company's stock after selling 24,237 shares during the period. Geode Capital Management LLC owned 2.40% of Invitation Homes worth $516,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVH. UMB Bank n.a. boosted its stake in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new position in Invitation Homes during the 3rd quarter worth $40,000. Family Firm Inc. acquired a new position in Invitation Homes during the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes during the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new stake in Invitation Homes in the second quarter valued at about $45,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Price Performance

Shares of NYSE:INVH traded down $0.11 during trading on Friday, reaching $33.07. The stock had a trading volume of 1,637,790 shares, compared to its average volume of 3,338,554. 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 Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The stock has a market cap of $20.26 billion, a PE ratio of 46.58, a PEG ratio of 5.06 and a beta of 1.03. The business has a fifty day moving average price of $33.60 and a 200-day moving average price of $34.88.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.51%. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio (DPR) is 157.75%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. 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 report on Friday, November 1st. Bank of America lowered shares of Invitation Homes from a "buy" rating to a "neutral" rating and cut their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods lowered their price objective on shares of 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. JMP Securities reissued a "market outperform" rating and issued a $40.00 target price on shares of Invitation Homes in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.