Rhumbline Advisers decreased its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,116,181 shares of the company's stock after selling 16,385 shares during the period. Rhumbline Advisers owned approximately 0.18% of Invitation Homes worth $35,684,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Invitation Homes by 1,664.9% in the third quarter. Assetmark Inc. now owns 1,306 shares of the company's stock valued at $46,000 after buying an additional 1,232 shares during the period. Center for Financial Planning Inc. acquired a new stake in Invitation Homes in the fourth quarter valued at approximately $48,000. Brooklyn Investment Group acquired a new stake in Invitation Homes in the third quarter valued at approximately $49,000. Huntington National Bank grew its position in Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company's stock valued at $71,000 after acquiring an additional 699 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Invitation Homes in the third quarter valued at approximately $74,000. Hedge funds and other institutional investors own 96.79% of the company's stock.
Invitation Homes Stock Performance
INVH stock traded down $0.35 during mid-day trading on Friday, reaching $31.90. The company had a trading volume of 3,260,581 shares, compared to its average volume of 2,247,979. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The stock's 50-day simple moving average is $31.48 and its two-hundred day simple moving average is $33.53. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $19.54 billion, a P/E ratio of 44.92, a P/E/G ratio of 4.70 and a beta of 1.04.
Invitation Homes Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a boost from Invitation Homes's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes's payout ratio is currently 163.38%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research report on Wednesday, November 6th. Barclays lowered their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and lowered their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Finally, JMP Securities reissued a "market outperform" rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Invitation Homes has an average rating of "Hold" and an average target price of $37.47.
View Our Latest Stock Analysis on Invitation Homes
About Invitation Homes
(
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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