Public Sector Pension Investment Board Has $3.50 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Public Sector Pension Investment Board grew its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,258 shares of the company's stock after buying an additional 20,362 shares during the period. Public Sector Pension Investment Board's holdings in Invitation Homes were worth $3,500,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital Square LLC lifted its holdings in shares of Invitation Homes by 1.3% in the 3rd quarter. Capital Square LLC now owns 23,726 shares of the company's stock worth $837,000 after acquiring an additional 308 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings 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 buying an additional 310 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $197,000 after buying an additional 343 shares in the last quarter. CWM LLC lifted its holdings in Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company's stock worth $257,000 after buying an additional 351 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Invitation Homes by 0.6% during the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company's stock worth $2,279,000 after buying an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Performance

Shares of NYSE:INVH traded up $0.20 on Wednesday, reaching $33.79. 1,454,756 shares of the company's stock were exchanged, compared to its average volume of 3,352,947. The firm has a market capitalization of $20.70 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 5.15 and a beta of 1.03. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The business's 50-day moving average is $33.82 and its two-hundred day moving average is $34.96. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes's payout ratio is 157.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on INVH. UBS Group increased their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Bank of America lowered shares of Invitation Homes from a "buy" rating to a "neutral" rating and cut their price target for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Royal Bank of Canada cut their price target on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a "buy" rating and a $46.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.80.

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.