Healthcare of Ontario Pension Plan Trust Fund Sells 190,000 Shares of Invitation Homes Inc. (NYSE:INVH)

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 70.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the company's stock after selling 190,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Invitation Homes were worth $2,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Bank of Montreal Can grew its holdings in Invitation Homes by 18.0% during the second quarter. Bank of Montreal Can now owns 544,857 shares of the company's stock valued at $19,566,000 after purchasing an additional 83,142 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Invitation Homes by 10.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 170,040 shares of the company's stock valued at $6,103,000 after acquiring an additional 16,649 shares during the period. Andra AP fonden raised its stake in Invitation Homes by 64.4% during the 2nd quarter. Andra AP fonden now owns 294,400 shares of the company's stock worth $10,566,000 after acquiring an additional 115,300 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Invitation Homes during the third quarter valued at approximately $4,876,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Invitation Homes in the second quarter worth $13,123,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Down 1.0 %

Shares of NYSE:INVH traded down $0.36 on Friday, hitting $34.25. 2,162,211 shares of the company's stock were exchanged, compared to its average volume of 3,351,258. The stock has a market capitalization of $20.98 billion, a price-to-earnings ratio of 48.24, a price-to-earnings-growth ratio of 5.21 and a beta of 1.02. Invitation Homes Inc. has a 12 month low of $31.01 and a 12 month high of $37.80. 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 business's 50 day simple moving average is $33.91 and its two-hundred day simple moving average is $34.99.

Invitation Homes Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on INVH shares. UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a "buy" rating and a $46.00 price target on the stock. Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Wells Fargo & Company downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada reduced their price target 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. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

About Invitation Homes

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.