Invitation Homes Inc. (NYSE:INVH) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 8.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,818 shares of the company's stock after purchasing an additional 20,104 shares during the period. Van ECK Associates Corp's holdings in Invitation Homes were worth $8,706,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System raised its holdings in Invitation Homes by 5.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company's stock worth $23,852,000 after acquiring an additional 36,951 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Invitation Homes by 56.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company's stock worth $6,174,000 after buying an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Invitation Homes by 14.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company's stock valued at $37,632,000 after acquiring an additional 131,068 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Invitation Homes during the first quarter worth about $2,635,000. Finally, National Bank of Canada FI grew its holdings in Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company's stock valued at $19,686,000 after buying an additional 431,735 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Down 0.5 %

Shares of INVH stock traded down $0.18 during mid-day trading on Thursday, hitting $33.18. 2,353,555 shares of the stock traded hands, compared to its average volume of 3,378,738. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The stock has a market cap of $20.33 billion, a P/E ratio of 46.99, a P/E/G ratio of 4.50 and a beta of 1.02. 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 is $34.77 and its two-hundred day moving average is $35.06.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.38%. Invitation Homes's dividend payout ratio (DPR) is 157.75%.

Analysts Set New Price Targets

Several research firms recently weighed in on INVH. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a "hold" rating to a "buy" rating and raised their target price for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Wells Fargo & Company cut shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Mizuho dropped 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 note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research report on Wednesday. Finally, Evercore ISI boosted their target price on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $38.80.

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.