Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,554,456 shares of the company's stock after buying an additional 50,881 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.58% of Invitation Homes worth $125,330,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board increased its position in Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock valued at $567,597,000 after buying an additional 128,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Invitation Homes by 2.0% in the 2nd 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 last quarter. Centersquare Investment Management LLC boosted its holdings in Invitation Homes by 4.7% during the 1st 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 last quarter. PGGM Investments grew its stake in shares of Invitation Homes by 4.9% in the 1st 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 in the last quarter. Finally, Boston Partners grew its holdings in shares of Invitation Homes by 4.3% in the first quarter. Boston Partners now owns 3,218,905 shares of the company's stock valued at $114,617,000 after acquiring an additional 132,381 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

Shares of INVH stock traded down $0.26 on Thursday, hitting $33.65. The company had a trading volume of 808,321 shares, compared to its average volume of 3,374,907. 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 50-day moving average price of $34.44 and a 200-day moving average price of $35.04. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The firm has a market cap of $20.61 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 5.08 and a beta of 1.02.

Invitation Homes Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. Mizuho cut their price target on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a "hold" rating to a "buy" rating and upped their price objective for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Finally, Scotiabank lowered their price target 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 research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Invitation Homes currently has an average 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.