Aigen Investment Management LP Purchases 17,690 Shares of Invitation Homes Inc. (NYSE:INVH)

Aigen Investment Management LP grew its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 312.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,357 shares of the company's stock after purchasing an additional 17,690 shares during the quarter. Aigen Investment Management LP's holdings in Invitation Homes were worth $824,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock worth $567,597,000 after acquiring an additional 128,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock worth $315,671,000 after acquiring an additional 170,374 shares during the period. Centersquare Investment Management LLC lifted its holdings in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock worth $292,485,000 after acquiring an additional 384,564 shares during the period. PGGM Investments lifted its holdings in Invitation Homes by 4.9% during the first quarter. PGGM Investments now owns 4,965,248 shares of the company's stock worth $176,812,000 after acquiring an additional 232,012 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Invitation Homes by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock worth $125,330,000 after acquiring an additional 50,881 shares during the period. Institutional investors own 96.79% of the company's stock.

Invitation Homes Price Performance

Invitation Homes stock traded up $0.48 during midday trading on Wednesday, hitting $33.91. 2,860,129 shares of the company's stock were exchanged, compared to its average volume of 3,386,574. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The stock has a 50-day moving average price of $34.44 and a two-hundred day moving average price of $35.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $20.77 billion, a P/E ratio of 47.76, a PEG ratio of 5.08 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.30%. The ex-dividend date was Thursday, September 26th. Invitation Homes's payout ratio is 157.75%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America lowered Invitation Homes from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a "hold" rating to a "buy" rating and raised their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Royal Bank of Canada decreased their target price on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. Finally, Scotiabank decreased their target price on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a research report on Tuesday, September 10th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

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.