Invitation Homes (NYSE:INVH) Reaches New 52-Week Low - Time to Sell?

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $30.78 and last traded at $30.97, with a volume of 2183145 shares changing hands. The stock had previously closed at $31.19.

Analyst Ratings Changes

A number of research analysts have recently issued reports on INVH shares. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Jefferies Financial Group lowered Invitation Homes from a "buy" rating to a "hold" rating and reduced their price target for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Scotiabank lowered their price objective 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. Bank of America cut shares of Invitation Homes from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $38.29.

Invitation Homes Stock Performance

The stock has a market cap of $18.97 billion, a P/E ratio of 43.62, a price-to-earnings-growth ratio of 5.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm's 50 day moving average is $32.99 and its 200 day moving average is $34.52.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be given a dividend of $0.29 per share. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, December 26th. Invitation Homes's dividend payout ratio is currently 163.38%.

Institutional Trading of Invitation Homes

Several large investors have recently added to or reduced their stakes in INVH. Orion Portfolio Solutions LLC purchased a new stake in Invitation Homes during the third quarter worth $263,000. Swedbank AB raised its holdings in Invitation Homes by 25.1% in the 3rd quarter. Swedbank AB now owns 574,855 shares of the company's stock worth $20,269,000 after purchasing an additional 115,211 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Invitation Homes during the third quarter worth approximately $3,825,000. Bank of Montreal Can grew its holdings in Invitation Homes by 18.0% in the second quarter. Bank of Montreal Can now owns 544,857 shares of the company's stock valued at $19,566,000 after purchasing an additional 83,142 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock valued at $2,508,000 after purchasing an additional 61,973 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

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.