Bamco Inc. NY Sells 765,718 Shares of Invitation Homes Inc. (NYSE:INVH)

Bamco Inc. NY cut its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 45.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 905,787 shares of the company's stock after selling 765,718 shares during the quarter. Bamco Inc. NY owned 0.15% of Invitation Homes worth $31,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Invitation Homes by 81.7% in the second quarter. GAMMA Investing LLC now owns 5,257 shares of the company's stock valued at $189,000 after acquiring an additional 2,363 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Invitation Homes in the 2nd quarter worth approximately $13,123,000. Opal Wealth Advisors LLC purchased a new stake in Invitation Homes in the second quarter worth approximately $109,000. Czech National Bank grew its position in Invitation Homes by 8.4% during the second quarter. Czech National Bank now owns 109,721 shares of the company's stock valued at $3,938,000 after acquiring an additional 8,507 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Invitation Homes by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company's stock worth $237,000 after acquiring an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of INVH traded down $0.25 during trading hours on Tuesday, hitting $33.65. The stock had a trading volume of 413,993 shares, compared to its average volume of 3,352,177. The firm has a market capitalization of $20.61 billion, a PE ratio of 47.75, a PEG ratio of 5.21 and a beta of 1.03. 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 12 month low of $31.01 and a 12 month high of $37.80. The stock has a fifty day moving average price of $33.86 and a 200 day moving average price of $34.97.

Invitation Homes Dividend Announcement

The business also recently disclosed 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on INVH shares. UBS Group lifted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Evercore ISI boosted their target price on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Royal Bank of Canada reduced their price target on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their price target on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $38.80.

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.