MML Investors Services LLC Has $318,000 Stock Position in Invitation Homes Inc. (NYSE:INVH)

MML Investors Services LLC cut its holdings in Invitation Homes Inc. (NYSE:INVH) by 11.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,012 shares of the company’s stock after selling 1,124 shares during the period. MML Investors Services LLC’s holdings in Invitation Homes were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased its stake in Invitation Homes by 6.0% in the 2nd quarter. Raymond James & Associates now owns 195,593 shares of the company’s stock valued at $7,020,000 after buying an additional 11,123 shares during the last quarter. Whittier Trust Co. increased its position in shares of Invitation Homes by 4.0% in the second quarter. Whittier Trust Co. now owns 302,096 shares of the company’s stock valued at $10,839,000 after acquiring an additional 11,531 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Invitation Homes by 2.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 127,051 shares of the company’s stock valued at $4,558,000 after purchasing an additional 3,462 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Invitation Homes by 2.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 297,937 shares of the company’s stock valued at $10,693,000 after purchasing an additional 6,930 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Invitation Homes by 4,524.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 300,795 shares of the company’s stock worth $10,796,000 after purchasing an additional 294,290 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Mizuho lowered their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped 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. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, Scotiabank dropped their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes presently has an average rating of “Moderate Buy” and a consensus target price of $38.70.

Invitation Homes Stock Performance

Shares of NYSE:INVH opened at $32.62 on Wednesday. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The company’s 50 day moving average price is $33.43 and its two-hundred day moving average price is $34.79. The firm has a market cap of $19.98 billion, a PE ratio of 45.94, a PEG ratio of 5.06 and a beta of 1.03. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.56%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is currently 163.38%.

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.