Ashton Thomas Private Wealth LLC acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,214 shares of the company’s stock, valued at approximately $44,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in Invitation Homes in the first quarter valued at about $26,000. UMB Bank n.a. boosted its position in shares of Invitation Homes by 496.9% during the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after buying an additional 641 shares during the period. Family Firm Inc. acquired a new position in shares of Invitation Homes during the second quarter worth about $42,000. Creekmur Asset Management LLC acquired a new position in shares of Invitation Homes during the fourth quarter worth about $46,000. Finally, Blue Trust Inc. boosted its position in shares of Invitation Homes by 644.7% during the second quarter. Blue Trust Inc. now owns 1,549 shares of the company’s stock worth $55,000 after buying an additional 1,341 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.
Invitation Homes Price Performance
Invitation Homes stock opened at $37.02 on Monday. Invitation Homes Inc. has a 12 month low of $28.49 and a 12 month high of $37.80. The stock’s 50 day moving average is $35.78 and its 200-day moving average is $35.17. 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 capitalization of $22.68 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 4.50 and a beta of 1.01.
Invitation Homes Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 26th. Invitation Homes’s payout ratio is 128.74%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on INVH. Evercore ISI reduced their price objective on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, September 9th. Scotiabank reduced their price objective on 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. JPMorgan Chase & Co. upped their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Barclays dropped their target price on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Finally, Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.85.
Check Out Our Latest Report on INVH
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.
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