Cerity Partners LLC Buys 6,685 Shares of Invitation Homes Inc. (NYSE:INVH)

Cerity Partners LLC increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 43.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,029 shares of the company’s stock after acquiring an additional 6,685 shares during the quarter. Cerity Partners LLC’s holdings in Invitation Homes were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INVH. UMB Bank n.a. boosted its stake 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 purchasing an additional 641 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $40,000. Family Firm Inc. bought a new position in shares of Invitation Homes in the second quarter valued at $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes during the second quarter worth $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes in the 2nd quarter valued at about $45,000. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

NYSE:INVH opened at $33.58 on Friday. Invitation Homes Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a 50 day simple moving average of $33.76 and a two-hundred day simple moving average of $34.94. The company has a market capitalization of $20.57 billion, a PE ratio of 47.30, a P/E/G ratio of 5.11 and a beta of 1.03.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is 157.75%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INVH. Scotiabank cut their price target 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 decreased their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. UBS Group lifted their price objective on Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Keefe, Bruyette & Woods decreased their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

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.