Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 13.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,601 shares of the company’s stock after purchasing an additional 11,911 shares during the quarter. Advisors Asset Management Inc.’s holdings in Invitation Homes were worth $3,618,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. grew its holdings in Invitation Homes by 496.9% in the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after buying an additional 641 shares during the last quarter. Paladin Wealth LLC acquired a new stake in Invitation Homes in the 3rd quarter worth $40,000. Family Firm Inc. acquired a new position in shares of Invitation Homes during the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes during the second quarter worth about $44,000. Finally, Headlands Technologies LLC bought a new position in Invitation Homes during the second quarter valued at about $45,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Up 0.2 %

Shares of NYSE INVH opened at $33.88 on Friday. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80. The firm’s 50-day moving average is $34.16 and its 200-day moving average is $35.01. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.76 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 5.17 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is presently 157.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INVH. JPMorgan Chase & Co. lifted their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. UBS Group increased their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.