Wealth Enhancement Advisory Services LLC Increases Stock Position in Invitation Homes Inc. (NYSE:INVH)

Wealth Enhancement Advisory Services LLC grew its stake in Invitation Homes Inc. (NYSE:INVH) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,885 shares of the company’s stock after buying an additional 752 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Invitation Homes were worth $454,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Invitation Homes by 496.9% during 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 in the last quarter. Paladin Wealth LLC bought a new position in Invitation Homes during the third quarter valued at approximately $40,000. Family Firm Inc. purchased a new position in shares of Invitation Homes during the second quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invitation Homes in the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in shares of Invitation Homes in the 2nd quarter worth approximately $45,000. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on INVH. The Goldman Sachs Group began coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday. Mizuho dropped their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada reduced their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” 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. According to MarketBeat.com, Invitation Homes currently has an average rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Trading Up 1.2 %

Shares of INVH opened at $33.71 on Friday. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. 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’s 50-day moving average price is $34.65 and its 200-day moving average price is $35.05. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of 47.47, a PEG ratio of 4.73 and a beta of 1.02.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.32%. Invitation Homes’s payout ratio is 157.75%.

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.