Verition Fund Management LLC Sells 122,815 Shares of Invitation Homes Inc. (NYSE:INVH)

Verition Fund Management LLC decreased its position in Invitation Homes Inc. (NYSE:INVH - Free Report) by 51.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,315 shares of the company's stock after selling 122,815 shares during the quarter. Verition Fund Management LLC's holdings in Invitation Homes were worth $4,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of INVH. UMB Bank n.a. boosted its stake in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company's stock valued at $28,000 after purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Invitation Homes in the third quarter worth $40,000. Family Firm Inc. acquired a new stake in shares of Invitation Homes in the second quarter worth $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the second quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new position in Invitation Homes during the 2nd quarter valued at $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INVH. Mizuho dropped their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. 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 research report on Friday, November 1st. Evercore ISI boosted their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on Invitation Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $38.80.

Invitation Homes Price Performance

NYSE INVH traded up $0.36 during trading hours on Wednesday, reaching $33.96. 2,840,871 shares of the company's stock were exchanged, compared to its average volume of 3,359,354. The firm has a fifty day moving average of $33.82 and a 200-day moving average of $34.96. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80. The stock has a market cap of $20.80 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 5.15 and a beta of 1.03. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.30%. Invitation Homes's dividend payout ratio (DPR) is presently 157.75%.

Invitation Homes 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.