Invitation Homes (NYSE:INVH) Sees Strong Trading Volume - What's Next?

Shares of Invitation Homes Inc. (NYSE:INVH - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 2,420,630 shares traded hands during mid-day trading, a decline of 19% from the previous session's volume of 2,972,935 shares.The stock last traded at $30.56 and had previously closed at $30.50.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays started coverage on Invitation Homes in a research note on Tuesday, December 17th. They set an "overweight" rating and a $38.00 price objective for the company. JMP Securities reissued a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. 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. Royal Bank of Canada dropped their target price on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods reduced their price target on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of "Hold" and an average target price of $38.29.

Invitation Homes Stock Performance

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 business's 50-day moving average is $32.71 and its 200-day moving average is $34.27. The company has a market capitalization of $19.18 billion, a PE ratio of 44.09, a PEG ratio of 4.44 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.71%. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, December 26th. Invitation Homes's dividend payout ratio (DPR) is presently 163.38%.

Institutional Trading of Invitation Homes

Several hedge funds and other institutional investors have recently made changes to their positions in INVH. Paladin Wealth LLC purchased a new position in shares of Invitation Homes in the 3rd quarter worth about $40,000. Assetmark Inc. increased its stake in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company's stock valued at $46,000 after purchasing an additional 1,232 shares in the last quarter. Brooklyn Investment Group purchased a new position in Invitation Homes in the third quarter worth about $49,000. Huntington National Bank lifted its stake in shares of Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company's stock worth $71,000 after buying an additional 699 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in shares of Invitation Homes during the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 96.79% of the company's stock.

About Invitation Homes

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.