Invitation Homes Inc. (NYSE:INVH) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 11.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 421,425 shares of the company's stock after purchasing an additional 42,625 shares during the quarter. Handelsbanken Fonder AB owned about 0.07% of Invitation Homes worth $13,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in Invitation Homes by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 88,154 shares of the company's stock worth $2,818,000 after buying an additional 3,878 shares during the period. Sanctuary Advisors LLC increased its holdings in Invitation Homes by 105.0% in the 4th quarter. Sanctuary Advisors LLC now owns 29,142 shares of the company's stock worth $903,000 after buying an additional 14,929 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in Invitation Homes by 1.2% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company's stock worth $1,133,000 after buying an additional 408 shares during the period. Allworth Financial LP increased its holdings in Invitation Homes by 101.2% in the 4th quarter. Allworth Financial LP now owns 1,396 shares of the company's stock worth $43,000 after buying an additional 702 shares during the period. Finally, Center for Financial Planning Inc. acquired a new position in Invitation Homes in the 4th quarter worth approximately $48,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Homes Price Performance

Invitation Homes stock traded down $0.35 during trading on Friday, reaching $31.90. The company had a trading volume of 3,260,581 shares, compared to its average volume of 2,247,979. The firm's 50-day simple moving average is $31.48 and its 200 day simple moving average is $33.52. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80. The firm has a market capitalization of $19.54 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio (DPR) is presently 163.38%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Barclays dropped their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Royal Bank of Canada dropped 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. Finally, Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Invitation Homes currently has an average rating of "Hold" and a consensus price target of $37.47.

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.