KBC Group NV Buys 480,291 Shares of Invitation Homes Inc. (NYSE:INVH)

KBC Group NV boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 450.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,832 shares of the company's stock after acquiring an additional 480,291 shares during the period. KBC Group NV owned 0.10% of Invitation Homes worth $20,691,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of INVH. Janney Montgomery Scott LLC grew its stake in shares of Invitation Homes by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,110 shares of the company's stock worth $324,000 after acquiring an additional 804 shares during the last quarter. Empowered Funds LLC raised its holdings in Invitation Homes by 22.8% in the first quarter. Empowered Funds LLC now owns 7,390 shares of the company's stock worth $263,000 after buying an additional 1,373 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Invitation Homes by 114.9% in the first quarter. Intech Investment Management LLC now owns 21,812 shares of the company's stock worth $777,000 after buying an additional 11,660 shares in the last quarter. Nicola Wealth Management LTD. grew its holdings in shares of Invitation Homes by 65.8% during the first quarter. Nicola Wealth Management LTD. now owns 50,648 shares of the company's stock valued at $1,804,000 after buying an additional 20,100 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of Invitation Homes by 497.8% during the first quarter. Edgestream Partners L.P. now owns 94,451 shares of the company's stock valued at $3,363,000 after acquiring an additional 78,652 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INVH. Evercore ISI upped their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. The Goldman Sachs Group began coverage on Invitation Homes in a report on Wednesday, September 4th. They set a "buy" rating and a $46.00 price target on the stock. Bank of America downgraded Invitation Homes from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Mizuho lowered their target price on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Price Performance

NYSE:INVH traded up $0.25 during trading hours on Friday, hitting $33.79. 2,710,174 shares of the stock traded hands, compared to its average volume of 3,381,059. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 47.59, a price-to-earnings-growth ratio of 5.16 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The stock has a 50 day moving average price of $34.32 and a 200 day moving average price of $35.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio is currently 157.75%.

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.