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

HighTower Advisors LLC lifted its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 696.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,866 shares of the company's stock after acquiring an additional 61,973 shares during the period. HighTower Advisors LLC's holdings in Invitation Homes were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in INVH. Capital Square LLC boosted its stake in Invitation Homes by 1.3% during the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company's stock worth $837,000 after purchasing an additional 308 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Invitation Homes by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock worth $1,775,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC boosted its position in Invitation Homes by 6.5% during the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock worth $197,000 after acquiring an additional 343 shares during the last quarter. CWM LLC grew its stake in Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company's stock valued at $257,000 after acquiring an additional 351 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Invitation Homes by 0.6% during the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock valued at $2,279,000 after acquiring an additional 369 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INVH has been the topic of several recent research reports. JMP Securities restated a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday. Scotiabank lowered their price objective on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 10th. Mizuho dropped 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. Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Finally, 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 for the company in a report on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Trading Down 0.3 %

NYSE INVH traded down $0.11 during trading on Friday, hitting $33.07. The stock had a trading volume of 1,687,827 shares, compared to its average volume of 3,338,554. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.26 billion, a PE ratio of 46.58, a PEG ratio of 5.06 and a beta of 1.03. The firm has a 50 day moving average price of $33.60 and a 200 day moving average price of $34.89. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's payout ratio is 157.75%.

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.