Forsta AP Fonden Raises Holdings in Invitation Homes Inc. (NYSE:INVH)

Forsta AP Fonden boosted its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 66.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 188,100 shares of the company's stock after purchasing an additional 75,300 shares during the period. Forsta AP Fonden's holdings in Invitation Homes were worth $6,632,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Invitation Homes by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock valued at $1,775,000 after purchasing an additional 310 shares during the period. GAMMA Investing LLC raised its holdings in Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock valued at $197,000 after acquiring an additional 343 shares during the period. CWM LLC lifted its position in shares of Invitation Homes by 5.1% during the third quarter. CWM LLC now owns 7,285 shares of the company's stock worth $257,000 after acquiring an additional 351 shares in the last quarter. Appleton Partners Inc. MA boosted its holdings in shares of Invitation Homes by 0.9% in the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company's stock worth $1,431,000 after acquiring an additional 365 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Invitation Homes by 0.6% in the third quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock worth $2,279,000 after acquiring an additional 369 shares during the period. Institutional investors own 96.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on INVH. Royal Bank of Canada cut Invitation Homes from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Keefe, Bruyette & Woods dropped their price objective on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a "hold" rating to a "buy" rating and increased their price objective for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Finally, Mizuho decreased their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Invitation Homes Price Performance

Shares of Invitation Homes stock traded down $0.35 during trading on Tuesday, hitting $33.21. 2,829,670 shares of the stock traded hands, compared to its average volume of 3,329,139. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 38.17, a PEG ratio of 4.82 and a beta of 1.01. Invitation Homes Inc. has a 52 week low of $28.90 and a 52 week high of $37.80. The firm's fifty day moving average is $35.28 and its 200-day moving average is $35.12. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio is presently 128.74%.

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.