Nisa Investment Advisors LLC Cuts Position in Invitation Homes Inc. (NYSE:INVH)

Nisa Investment Advisors LLC lowered its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,860 shares of the company's stock after selling 19,685 shares during the period. Nisa Investment Advisors LLC's holdings in Invitation Homes were worth $8,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Paladin Wealth LLC purchased a new position in Invitation Homes during the 3rd quarter valued at about $40,000. Assetmark Inc. boosted its stake in shares of Invitation Homes by 1,664.9% during the third 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 during the third quarter valued at approximately $49,000. Huntington National Bank raised its stake in 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 Invitation Homes during the third quarter worth $74,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $39.00 to $35.00 in a report on Friday. Royal Bank of Canada reduced 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. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the company from $41.00 to $33.00 in a report on Tuesday. Barclays reduced their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.47.

Invitation Homes Stock Performance

NYSE:INVH traded up $0.02 during midday trading on Friday, hitting $30.54. The company's stock had a trading volume of 2,719,617 shares, compared to its average volume of 3,250,868. 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 Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The firm's 50 day moving average is $32.42 and its 200-day moving average is $34.09. The firm has a market cap of $18.71 billion, a P/E ratio of 43.02, a P/E/G ratio of 4.51 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio (DPR) is 163.38%.

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.