Nisa Investment Advisors LLC Has $9.91 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Nisa Investment Advisors LLC reduced its stake in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,545 shares of the company's stock after selling 32,510 shares during the quarter. Nisa Investment Advisors LLC's holdings in Invitation Homes were worth $9,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVH. Oregon Public Employees Retirement Fund grew its position in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company's stock worth $1,775,000 after acquiring an additional 310 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Invitation Homes by 6.5% during the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company's stock worth $197,000 after purchasing an additional 343 shares during the last quarter. CWM LLC grew its holdings 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 purchasing an additional 351 shares during the last quarter. Appleton Partners Inc. MA increased its stake 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 valued at $1,431,000 after buying an additional 365 shares in the last quarter. Finally, Inspire Investing LLC raised 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 valued at $2,279,000 after buying an additional 369 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Down 5.5 %

Shares of NYSE:INVH traded down $1.82 during mid-day trading on Thursday, reaching $31.41. 7,163,460 shares of the stock were exchanged, compared to its average volume of 3,360,725. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a market cap of $19.24 billion, a P/E ratio of 36.10, a P/E/G ratio of 4.82 and a beta of 1.01. Invitation Homes Inc. has a one year low of $29.23 and a one year high of $37.80. The stock's 50 day simple moving average is $35.18 and its 200-day simple moving average is $35.10.

Invitation Homes Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.57%. Invitation Homes's payout ratio is presently 128.74%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INVH. JPMorgan Chase & Co. raised their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. UBS Group upped their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Mizuho lowered their target price on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Finally, Royal Bank of Canada downgraded Invitation Homes from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $37.00 to $36.00 in a research report on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Invitation Homes presently has an average rating of "Moderate Buy" and an average target price of $39.00.

About Invitation Homes

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.