Raymond James & Associates raised its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 27.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,830 shares of the company's stock after buying an additional 53,237 shares during the period. Raymond James & Associates' holdings in Invitation Homes were worth $8,774,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Invitation Homes in the first quarter valued at $26,000. UMB Bank n.a. raised its stake in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after buying an additional 641 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Invitation Homes in the third quarter valued at $40,000. Family Firm Inc. acquired a new stake in Invitation Homes in the second quarter valued at $42,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes in the second quarter valued at $44,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.
Invitation Homes Price Performance
Shares of INVH stock traded up $0.02 during midday trading on Wednesday, reaching $33.23. 5,984,088 shares of the company traded hands, compared to its average volume of 3,341,784. The firm's 50 day simple moving average is $35.23 and its two-hundred day simple moving average is $35.12. Invitation Homes Inc. has a 1-year low of $29.23 and a 1-year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $20.35 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01.
Invitation Homes Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.37%. Invitation Homes's payout ratio is 128.74%.
Analyst Ratings Changes
A number of analysts have weighed in on INVH shares. Scotiabank cut their price target on 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. UBS Group lifted their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a "hold" rating to a "buy" rating and lifted their target price for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. Finally, The Goldman Sachs Group initiated coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $39.00.
View Our Latest Research Report on INVH
Invitation Homes Profile
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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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