Empowered Funds LLC Acquires 754 Shares of Invitation Homes Inc. (NYSE:INVH)

Empowered Funds LLC boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,776 shares of the company’s stock after acquiring an additional 754 shares during the quarter. Empowered Funds LLC’s holdings in Invitation Homes were worth $380,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased 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 acquiring an additional 641 shares during the period. Paladin Wealth LLC purchased a new position in Invitation Homes during the 3rd quarter worth $40,000. Family Firm Inc. bought a new stake in Invitation Homes during the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC bought a new stake in Invitation Homes during the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Invitation Homes in the 2nd quarter worth $45,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 0.1 %

INVH stock opened at $33.84 on Tuesday. The stock has a market capitalization of $20.73 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 5.15 and a beta of 1.02. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $34.10 and a 200 day moving average of $35.01.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

Wall Street Analyst Weigh In

INVH has been the subject of several recent research reports. Scotiabank decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Royal Bank of Canada lowered their price target 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, November 1st. JPMorgan Chase & Co. increased their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. 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 objective for the company. Finally, Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Invitation Homes has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.