Wolverine Asset Management LLC Has $219,000 Position in Invitation Homes Inc. (NYSE:INVH)

Wolverine Asset Management LLC trimmed its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 88.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,200 shares of the company's stock after selling 47,101 shares during the quarter. Wolverine Asset Management LLC's holdings in Invitation Homes were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its stake in Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock valued at $1,775,000 after buying an additional 310 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock valued at $197,000 after purchasing an additional 343 shares in the last quarter. CWM LLC grew its stake in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company's stock worth $257,000 after purchasing an additional 351 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in shares of Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company's stock worth $1,431,000 after purchasing an additional 365 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Invitation Homes by 0.6% during the third quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock valued at $2,279,000 after purchasing an additional 369 shares during the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Stock Up 0.9 %

NYSE INVH traded up $0.30 during trading on Friday, reaching $33.84. The company's stock had a trading volume of 1,740,573 shares, compared to its average volume of 3,376,692. 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 stock has a market capitalization of $20.73 billion, a PE ratio of 47.44, a PEG ratio of 5.16 and a beta of 1.02. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The business has a 50-day moving average price of $34.44 and a 200-day moving average price of $35.04.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes's payout ratio is presently 157.75%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on INVH shares. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a "hold" rating to a "buy" rating and lifted their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Mizuho cut their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. UBS Group boosted their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, Bank of America downgraded shares of Invitation Homes from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Invitation Homes has a consensus rating of "Moderate Buy" and an average target price 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.