Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,329 shares of the company's stock after buying an additional 8,485 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Invitation Homes were worth $5,797,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of INVH. Paladin Wealth LLC purchased a new position in shares of Invitation Homes in the 3rd quarter valued at $40,000. Assetmark Inc. boosted its stake in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company's stock worth $46,000 after purchasing an additional 1,232 shares during the period. Brooklyn Investment Group acquired a new stake in Invitation Homes during the 3rd quarter worth $49,000. Huntington National Bank boosted its stake in Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company's stock worth $71,000 after purchasing an additional 699 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in shares of Invitation Homes in the 3rd quarter worth $74,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on INVH shares. Barclays reduced their target price on shares of Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. JMP Securities reiterated a "market outperform" rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a research note on Friday, November 1st. Jefferies Financial Group downgraded shares of Invitation Homes from a "buy" rating to a "hold" rating and dropped their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley downgraded shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.47.

Invitation Homes Stock Down 0.0 %

Shares of NYSE:INVH traded down $0.01 during midday trading on Wednesday, reaching $31.55. The company had a trading volume of 2,326,567 shares, compared to its average volume of 2,872,661. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock's fifty day moving average price is $31.71 and its 200-day moving average price is $33.69. The stock has a market capitalization of $19.33 billion, a P/E ratio of 44.44, a PEG ratio of 4.62 and a beta of 1.04. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.68%. Invitation Homes's payout ratio is presently 163.38%.

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.