Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Swedbank AB

Swedbank AB raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 25.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 574,855 shares of the company's stock after purchasing an additional 115,211 shares during the quarter. Swedbank AB owned 0.09% of Invitation Homes worth $20,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in INVH. Canada Pension Plan Investment Board boosted its stake in shares of Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company's stock valued at $567,597,000 after purchasing an additional 128,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company's stock valued at $315,671,000 after purchasing an additional 170,374 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Invitation Homes by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company's stock worth $231,562,000 after purchasing an additional 248,701 shares in the last quarter. PGGM Investments increased its holdings in Invitation Homes by 4.9% during the 1st quarter. PGGM Investments now owns 4,965,248 shares of the company's stock worth $176,812,000 after purchasing an additional 232,012 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company's stock valued at $125,330,000 after purchasing an additional 50,881 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on INVH shares. JPMorgan Chase & Co. raised their price target on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Mizuho lowered their price target on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada cut their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group initiated coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price on the stock. Finally, Scotiabank decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a research note on Tuesday, September 10th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of "Moderate Buy" and an average target price of $38.80.

Invitation Homes Stock Performance

INVH stock traded up $0.32 during midday trading on Tuesday, hitting $34.16. 2,265,957 shares of the stock traded hands, compared to its average volume of 3,379,354. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. 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 simple moving average is $34.04 and its 200-day simple moving average is $35.00. The firm has a market cap of $20.93 billion, a P/E ratio of 47.82, a PEG ratio of 5.15 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.28%. Invitation Homes's dividend payout ratio is presently 157.75%.

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.