Creative Planning Increases Stock Position in Invitation Homes Inc. (NYSE:INVH)

Creative Planning increased its position in Invitation Homes Inc. (NYSE:INVH) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,129 shares of the company’s stock after acquiring an additional 600 shares during the period. Creative Planning’s holdings in Invitation Homes were worth $921,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised 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 worth $28,000 after acquiring an additional 641 shares during the last quarter. Paladin Wealth LLC bought a new stake in Invitation Homes in the 3rd quarter worth approximately $40,000. Family Firm Inc. bought a new stake in Invitation Homes in the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes in the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes in the 2nd quarter worth approximately $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Performance

Invitation Homes stock opened at $31.40 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.20 and a quick ratio of 0.20. Invitation Homes Inc. has a 1-year low of $30.20 and a 1-year high of $37.80. The firm has a market capitalization of $19.24 billion, a P/E ratio of 44.23, a price-to-earnings-growth ratio of 4.71 and a beta of 1.01. The company’s 50-day moving average is $35.09 and its 200 day moving average is $35.08.

Invitation Homes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is currently 157.75%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Royal Bank of Canada cut their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Finally, Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.90.

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.