Victory Capital Management Inc. Reduces Position in Invitation Homes Inc. (NYSE:INVH)

Victory Capital Management Inc. reduced its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 63.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,901 shares of the company's stock after selling 796,555 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Invitation Homes worth $15,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in INVH. Canada Pension Plan Investment Board raised its holdings in shares of 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 valued at $567,597,000 after acquiring an additional 128,000 shares during the period. Dimensional Fund Advisors LP grew its position in Invitation Homes by 2.0% in 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 in the last quarter. PGGM Investments grew its position in Invitation Homes by 4.9% in 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock worth $125,330,000 after buying an additional 50,881 shares during the period. Finally, Boston Partners boosted its holdings in shares of Invitation Homes by 4.3% during the 1st quarter. Boston Partners now owns 3,218,905 shares of the company's stock worth $114,617,000 after buying an additional 132,381 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on INVH. Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. Mizuho decreased their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a "hold" rating to a "buy" rating and raised their target price for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Scotiabank reduced their target price on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 10th. Finally, UBS Group raised their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has an average rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Stock Down 1.0 %

INVH stock traded down $0.33 during midday trading on Wednesday, hitting $33.70. The stock had a trading volume of 2,989,739 shares, compared to its average volume of 3,368,287. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 47.47, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. The business has a 50-day moving average of $34.21 and a two-hundred day moving average of $35.02. 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 Announces Dividend

The business also recently announced 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 of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.32%. Invitation Homes's dividend payout ratio is currently 157.75%.

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.