Invitation Homes (NYSE:INVH) Downgraded by Jefferies Financial Group to "Hold"

Jefferies Financial Group lowered shares of Invitation Homes (NYSE:INVH - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has $33.00 price objective on the stock, down from their prior price objective of $39.00.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group assumed coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a "buy" rating and a $46.00 price target on the stock. Evercore ISI lifted their target price on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Barclays assumed coverage on Invitation Homes in a research report on Tuesday, December 17th. They set an "overweight" rating and a $38.00 price target for the company. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Mizuho reduced their target price on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.37.

Invitation Homes Stock Down 1.7 %

Shares of Invitation Homes stock traded down $0.54 on Thursday, hitting $31.43. The company had a trading volume of 2,178,132 shares, compared to its average volume of 3,343,816. The stock has a 50-day moving average of $33.17 and a 200-day moving average of $34.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80. The firm has a market capitalization of $19.25 billion, a P/E ratio of 44.27, a P/E/G ratio of 5.03 and a beta of 1.03.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be issued a $0.29 dividend. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, December 26th. Invitation Homes's dividend payout ratio is currently 163.38%.

Institutional Trading of Invitation Homes

Several hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in shares of Invitation Homes by 34.0% during the second quarter. Natixis Advisors LLC now owns 215,529 shares of the company's stock worth $7,735,000 after purchasing an additional 54,675 shares during the period. Rhumbline Advisers raised its holdings in Invitation Homes by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 1,171,761 shares of the company's stock valued at $42,054,000 after acquiring an additional 4,484 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock valued at $1,775,000 after acquiring an additional 310 shares during the period. TD Asset Management Inc grew its holdings in shares of Invitation Homes by 1.0% during the 2nd quarter. TD Asset Management Inc now owns 201,592 shares of the company's stock worth $7,235,000 after purchasing an additional 1,909 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Invitation Homes by 10.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,246,456 shares of the company's stock worth $44,735,000 after purchasing an additional 114,426 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

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.