Nomura Asset Management Co. Ltd. raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 897,593 shares of the company's stock after buying an additional 16,478 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.15% of Invitation Homes worth $31,649,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of INVH. UMB Bank n.a. raised its stake in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC purchased a new stake in Invitation Homes during the 3rd quarter worth $40,000. Family Firm Inc. acquired a new position in Invitation Homes in the 2nd quarter worth $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Invitation Homes during the second quarter worth about $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on INVH shares. The Goldman Sachs Group initiated coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a "buy" rating and a $46.00 target price on the stock. Scotiabank reduced their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods dropped their target price on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research report on Wednesday, November 6th. Evercore ISI increased their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.80.
Read Our Latest Stock Analysis on Invitation Homes
Invitation Homes Stock Performance
Invitation Homes stock traded down $0.03 during mid-day trading on Wednesday, hitting $33.29. 3,006,779 shares of the company's stock traded hands, compared to its average volume of 3,346,244. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The company has a market cap of $20.39 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 5.09 and a beta of 1.03. The firm has a 50 day moving average price of $33.65 and a 200 day moving average price of $34.90. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.
Invitation Homes Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.36%. Invitation Homes's dividend payout ratio is presently 157.75%.
Invitation Homes Profile
(
Free Report)
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.
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