Invitation Homes Inc. (NYSE:INVH) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in Invitation Homes Inc. (NYSE:INVH - Free Report) by 19.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,221 shares of the company's stock after selling 18,372 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Invitation Homes were worth $2,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Invitation Homes by 767.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock worth $194,621,000 after buying an additional 4,883,564 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Invitation Homes by 9.3% during the third quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock worth $414,264,000 after purchasing an additional 997,353 shares in the last quarter. National Bank of Canada FI raised its stake in Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock valued at $40,362,000 after purchasing an additional 780,760 shares during the period. FMR LLC lifted its holdings in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company's stock worth $663,373,000 after purchasing an additional 753,464 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Invitation Homes by 144.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company's stock worth $36,225,000 after purchasing an additional 607,163 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INVH. UBS Group boosted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada cut 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. Scotiabank decreased their target price on 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. The Goldman Sachs Group began coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a "buy" rating and a $46.00 price objective on the stock. Finally, Evercore ISI increased 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 equities 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Invitation Homes Stock Performance

Invitation Homes stock traded down $0.36 during trading hours on Tuesday, hitting $33.32. 3,129,437 shares of the stock traded hands, compared to its average volume of 3,347,670. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 5.09 and a beta of 1.03. 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 firm's 50 day moving average price is $33.67 and its 200-day moving average price is $34.91.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, September 26th. Invitation Homes's dividend payout ratio (DPR) is 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.