Thrivent Financial for Lutherans Grows Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Thrivent Financial for Lutherans boosted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 25.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 372,608 shares of the company's stock after purchasing an additional 76,058 shares during the quarter. Thrivent Financial for Lutherans owned about 0.06% of Invitation Homes worth $13,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in shares of Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Invitation Homes during the third quarter valued at about $40,000. Family Firm Inc. bought a new stake in shares of Invitation Homes during the second quarter worth about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Invitation Homes in the 2nd quarter worth about $44,000. Finally, Headlands Technologies LLC bought a new position in Invitation Homes in the 2nd quarter valued at about $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Up 0.2 %

Shares of NYSE:INVH traded up $0.06 during trading on Friday, reaching $33.88. 2,127,058 shares of the stock traded hands, compared to its average volume of 3,360,811. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The stock has a market cap of $20.76 billion, a P/E ratio of 47.62, a price-to-earnings-growth ratio of 5.17 and a beta of 1.02. The stock has a 50-day moving average of $34.16 and a two-hundred day moving average of $35.01. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 dividend payout ratio is currently 157.75%.

Analysts Set New Price Targets

A number of analysts have commented on INVH shares. 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. Evercore ISI boosted their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Wells Fargo & Company downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. 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 note on Thursday, October 10th. Finally, Royal Bank of Canada decreased their price target on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.80.

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.