TCW Group Inc. Decreases Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

TCW Group Inc. lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 35.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,283 shares of the company's stock after selling 22,593 shares during the period. TCW Group Inc.'s holdings in Invitation Homes were worth $1,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of INVH. UMB Bank n.a. boosted its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after acquiring an additional 641 shares during the last quarter. Paladin Wealth LLC acquired a new stake in Invitation Homes during the 3rd quarter worth $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes during the second quarter worth $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the second quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invitation Homes in the second quarter worth about $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Trading Down 0.3 %

Invitation Homes stock traded down $0.11 during midday trading on Friday, reaching $33.07. 1,637,790 shares of the stock traded hands, compared to its average volume of 3,338,554. The firm has a market cap of $20.26 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03. 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 simple moving average of $33.60 and a two-hundred day simple moving average of $34.88. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio is currently 157.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on INVH shares. Mizuho lowered their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. 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. JPMorgan Chase & Co. raised their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $37.00 to $38.00 in a report on Monday, August 26th. Finally, 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 for the company in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.