Allspring Global Investments Holdings LLC Has $2.06 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Allspring Global Investments Holdings LLC lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,512 shares of the company’s stock after selling 8,967 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Invitation Homes were worth $2,063,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new stake in Invitation Homes during the first quarter worth $26,000. UMB Bank n.a. raised its holdings in shares of 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 purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in Invitation Homes in the 3rd quarter valued at about $40,000. Family Firm Inc. bought a new position in Invitation Homes during the second quarter worth about $42,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes during the second quarter worth about $44,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.0 %

Shares of NYSE INVH opened at $33.21 on Wednesday. The stock has a market capitalization of $20.34 billion, a P/E ratio of 38.17, a PEG ratio of 4.82 and a beta of 1.01. The stock’s fifty day moving average is $35.28 and its 200 day moving average is $35.12. Invitation Homes Inc. has a 52 week low of $28.90 and a 52 week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s payout ratio is presently 128.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on INVH shares. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and raised their price objective for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Scotiabank cut their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. The Goldman Sachs Group began coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price for the company. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 30th. Eight investment 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, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.