Charles Schwab Investment Management Inc. grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,567,267 shares of the company's stock after purchasing an additional 248,701 shares during the period. Charles Schwab Investment Management Inc. owned about 1.07% of Invitation Homes worth $231,562,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in shares of Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the third quarter worth $40,000. Family Firm Inc. bought a new stake in shares of Invitation Homes in the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes in the second quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Invitation Homes during the second quarter worth $45,000. 96.79% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently commented on INVH. Evercore ISI raised their target price on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. UBS Group increased their price target on Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Finally, Scotiabank decreased their target price on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a research report on Tuesday, September 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.80.
Read Our Latest Research Report on INVH
Invitation Homes Stock Performance
Shares of NYSE:INVH traded up $0.06 during midday trading on Friday, reaching $33.88. 2,127,563 shares of the company traded hands, compared to its average volume of 3,741,130. Invitation Homes Inc. has a 12 month low of $31.01 and a 12 month high of $37.80. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm's fifty day moving average price is $34.10 and its two-hundred day moving average price is $35.01.
Invitation Homes Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's dividend payout ratio is presently 157.75%.
About Invitation Homes
(
Free Report)
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.
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