Principal Financial Group Inc. Has $707.02 Million Position in Invitation Homes Inc. (NYSE:INVH)

Principal Financial Group Inc. decreased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,051,656 shares of the company's stock after selling 419,545 shares during the quarter. Principal Financial Group Inc. owned 3.27% of Invitation Homes worth $707,017,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System raised its position in Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company's stock worth $23,852,000 after purchasing an additional 36,951 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company's stock worth $6,174,000 after buying an additional 62,547 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Invitation Homes by 14.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company's stock valued at $37,632,000 after buying an additional 131,068 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Invitation Homes in the first quarter valued at $2,635,000. Finally, National Bank of Canada FI boosted its stake in shares of Invitation Homes by 321.5% in the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company's stock valued at $19,686,000 after purchasing an additional 431,735 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

INVH has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a "hold" rating to a "buy" rating and lifted their price target for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. The Goldman Sachs Group assumed coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 price target on the stock. Evercore ISI boosted their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada decreased their price objective 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Invitation Homes Stock Down 0.1 %

Shares of Invitation Homes stock traded down $0.05 during trading hours on Thursday, reaching $33.31. 3,365,446 shares of the company's stock were exchanged, compared to its average volume of 3,383,423. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $34.77 and a two-hundred day moving average of $35.06. The stock has a market cap of $20.41 billion, a P/E ratio of 46.99, a P/E/G ratio of 4.50 and a beta of 1.02. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's payout ratio is presently 157.75%.

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.