Versor Investments LP Decreases Stake in Invitation Homes Inc. (NYSE:INVH)

Versor Investments LP trimmed its holdings in Invitation Homes Inc. (NYSE:INVH - Free Report) by 74.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,187 shares of the company's stock after selling 52,313 shares during the period. Versor Investments LP's holdings in Invitation Homes were worth $641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in Invitation Homes by 27.2% during the first quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company's stock valued at $558,611,000 after acquiring an additional 3,351,424 shares in the last quarter. Swedbank AB bought a new stake in shares of Invitation Homes in the first quarter worth about $16,368,000. National Bank of Canada FI lifted its position in shares of Invitation Homes by 321.5% in the first quarter. National Bank of Canada FI now owns 566,025 shares of the company's stock worth $19,686,000 after buying an additional 431,735 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company's stock valued at $292,485,000 after buying an additional 384,564 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in Invitation Homes during the 2nd quarter valued at approximately $13,123,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Stock Down 1.1 %

Shares of NYSE INVH traded down $0.36 during mid-day trading on Thursday, reaching $33.55. 2,838,685 shares of the company were exchanged, compared to its average volume of 3,384,038. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 47.24, a P/E/G ratio of 5.08 and a beta of 1.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average of $34.44 and a 200 day moving average of $35.04. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.34%. Invitation Homes's dividend payout ratio (DPR) is presently 157.75%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on INVH shares. Bank of America downgraded shares of Invitation Homes from a "buy" rating to a "neutral" rating and decreased their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Evercore ISI boosted their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a "hold" rating to a "buy" rating and lifted their target price for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Finally, Scotiabank cut their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Tuesday, September 10th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

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.