Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 51.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,072 shares of the company's stock after purchasing an additional 32,357 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Invitation Homes were worth $3,352,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC grew its stake in Invitation Homes by 7.7% in the third quarter. Janus Henderson Group PLC now owns 152,455 shares of the company's stock valued at $5,376,000 after purchasing an additional 10,900 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company's stock worth $2,508,000 after buying an additional 61,973 shares during the last quarter. Holocene Advisors LP purchased a new stake in Invitation Homes during the third quarter valued at approximately $4,952,000. Cinctive Capital Management LP purchased a new stake in Invitation Homes during the third quarter valued at approximately $9,421,000. Finally, Adelante Capital Management LLC grew its holdings in Invitation Homes by 1.2% in the third quarter. Adelante Capital Management LLC now owns 690,908 shares of the company's stock worth $24,361,000 after purchasing an additional 8,478 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Down 0.3 %

INVH traded down $0.09 during mid-day trading on Friday, hitting $33.49. 1,876,206 shares of the stock were exchanged, compared to its average volume of 2,931,790. The firm's fifty day moving average is $33.73 and its two-hundred day moving average is $34.93. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The company has a market cap of $20.52 billion, a PE ratio of 47.14, a PEG ratio of 5.16 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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 issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is currently 157.75%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore ISI increased their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada lowered their price target on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. Bank of America lowered shares of Invitation Homes from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Eight 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 presently 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.