New York State Teachers Retirement System Sells 18,096 Shares of Invitation Homes Inc. (NYSE:INVH)

New York State Teachers Retirement System reduced its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 489,337 shares of the company's stock after selling 18,096 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Invitation Homes worth $17,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of INVH. UMB Bank n.a. increased its stake in shares of Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company's stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new position in Invitation Homes in the 3rd quarter worth approximately $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the 2nd quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes in the second quarter worth $44,000. Finally, Headlands Technologies LLC bought a new position in shares of Invitation Homes during the second quarter worth $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on INVH shares. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Tuesday, July 30th. 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. Finally, Royal Bank of Canada cut 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. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $38.90.

Invitation Homes Trading Down 0.0 %

INVH stock traded down $0.01 during midday trading on Friday, reaching $31.40. The company's stock had a trading volume of 3,993,091 shares, compared to its average volume of 3,363,710. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 4.71 and a beta of 1.01. Invitation Homes Inc. has a 1 year low of $30.20 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a fifty day simple moving average of $34.99 and a two-hundred day simple moving average of $35.06.

Invitation Homes Dividend Announcement

The business 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 was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.57%. Invitation Homes's payout ratio is 157.75%.

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.