UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 4,883,564 Shares of Invitation Homes Inc. (NYSE:INVH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 767.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,519,603 shares of the company's stock after purchasing an additional 4,883,564 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.90% of Invitation Homes worth $194,621,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INVH. UMB Bank n.a. lifted its stake in 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 acquiring an additional 641 shares during the period. Paladin Wealth LLC bought a new position in shares of Invitation Homes during the third quarter valued at $40,000. Family Firm Inc. bought a new position in shares of Invitation Homes during the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Invitation Homes during the second quarter valued at $44,000. Finally, Headlands Technologies LLC bought a new position in shares of Invitation Homes during the second quarter valued at $45,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INVH shares. Scotiabank reduced their price target on Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating for the company in a report on Tuesday, September 10th. The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They issued a "buy" rating and a $46.00 price objective for the company. Wells Fargo & Company downgraded Invitation Homes from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Mizuho reduced their price objective on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, October 10th. Finally, Royal Bank of Canada reduced their price objective on Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Price Performance

NYSE:INVH traded down $0.36 during trading hours on Friday, reaching $34.25. The stock had a trading volume of 2,162,211 shares, compared to its average volume of 3,351,258. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The company has a 50 day moving average price of $33.91 and a two-hundred day moving average price of $34.99. The stock has a market capitalization of $20.98 billion, a PE ratio of 48.24, a PEG ratio of 5.21 and a beta of 1.02.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes's dividend payout ratio is currently 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.