Assetmark Inc. Acquires 1,232 Shares of Invitation Homes Inc. (NYSE:INVH)

Assetmark Inc. raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 1,664.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,306 shares of the company’s stock after purchasing an additional 1,232 shares during the quarter. Assetmark Inc.’s holdings in Invitation Homes were worth $46,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in INVH. UMB Bank n.a. lifted its holdings in 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 purchased a new stake in shares of Invitation Homes in the third quarter valued at approximately $40,000. Family Firm Inc. purchased a new stake in shares of Invitation Homes in the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC bought a new position in Invitation Homes in the second quarter worth approximately $44,000. Finally, Headlands Technologies LLC purchased a new position in Invitation Homes during the 2nd quarter worth $45,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INVH has been the topic of a number of recent research reports. Evercore ISI increased their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. raised their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $37.00 to $38.00 in a research report 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 report on Tuesday, September 10th. Finally, Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Performance

Shares of INVH stock opened at $34.15 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The business has a fifty day moving average of $34.32 and a 200 day moving average of $35.03. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. Invitation Homes Inc. has a 1 year low of $31.01 and a 1 year high of $37.80.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.28%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Invitation Homes 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.