Invitation Homes Inc. (NYSE:INVH) Shares Purchased by Raymond James & Associates

Raymond James & Associates boosted its holdings in Invitation Homes Inc. (NYSE:INVH) by 27.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,830 shares of the company’s stock after purchasing an additional 53,237 shares during the quarter. Raymond James & Associates’ holdings in Invitation Homes were worth $8,774,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its stake in Invitation Homes by 0.8% in the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after buying an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after buying an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in Invitation Homes by 4.7% in 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. PGGM Investments lifted its stake in Invitation Homes by 4.9% in the first quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after buying an additional 232,012 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Invitation Homes by 4.3% during the first quarter. Boston Partners now owns 3,218,905 shares of the company’s stock valued at $114,617,000 after purchasing an additional 132,381 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

INVH has been the topic of a number of recent analyst reports. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. 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 note on Tuesday, September 10th. Keefe, Bruyette & Woods cut their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $41.00 in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Invitation Homes Price Performance

NYSE INVH opened at $33.21 on Wednesday. The stock’s 50-day moving average price is $35.28 and its two-hundred day moving average price is $35.12. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.34 billion, a PE ratio of 38.17, a PEG ratio of 4.82 and a beta of 1.01. Invitation Homes Inc. has a 1 year low of $28.90 and a 1 year high of $37.80.

Invitation Homes Announces Dividend

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

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.