National Bank of Canada FI Acquires 780,760 Shares of Invitation Homes Inc. (NYSE:INVH)

National Bank of Canada FI increased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 214.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,144,693 shares of the company's stock after buying an additional 780,760 shares during the quarter. National Bank of Canada FI owned about 0.19% of Invitation Homes worth $40,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INVH. Capital Square LLC grew its holdings in shares of Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company's stock valued at $837,000 after buying an additional 308 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock valued at $1,775,000 after purchasing an additional 310 shares during the last quarter. GAMMA Investing LLC boosted its stake in Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock valued at $197,000 after purchasing an additional 343 shares during the last quarter. CWM LLC increased its holdings in Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company's stock worth $257,000 after purchasing an additional 351 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Invitation Homes by 0.6% in the third quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock worth $2,279,000 after purchasing an additional 369 shares during the last quarter. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of Invitation Homes stock traded up $0.19 during trading hours on Monday, reaching $33.68. The company had a trading volume of 2,360,827 shares, compared to its average volume of 3,348,591. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The firm has a market cap of $20.63 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 5.09 and a beta of 1.03. The business has a fifty day simple moving average of $33.70 and a 200 day simple moving average of $34.92.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio is presently 157.75%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INVH. JPMorgan Chase & Co. lifted their target price on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. UBS Group increased their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada cut 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. Bank of America downgraded shares of 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 research report on Tuesday, September 24th. Finally, Scotiabank dropped their target price on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.