Invitation Homes Inc. (NYSE:INVH) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,352 shares of the company’s stock after purchasing an additional 2,202 shares during the period. Park Avenue Securities LLC’s holdings in Invitation Homes were worth $363,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Czech National Bank boosted its position in shares of Invitation Homes by 6.4% during the 4th quarter. Czech National Bank now owns 123,528 shares of the company’s stock worth $3,949,000 after acquiring an additional 7,472 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after purchasing an additional 1,089,281 shares in the last quarter. Tidal Investments LLC grew its position in shares of Invitation Homes by 39.0% in the 3rd quarter. Tidal Investments LLC now owns 22,878 shares of the company’s stock valued at $807,000 after buying an additional 6,419 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Invitation Homes by 146.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,213 shares of the company’s stock worth $482,000 after acquiring an additional 8,451 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Invitation Homes by 0.9% in the third quarter. Toronto Dominion Bank now owns 287,268 shares of the company’s stock valued at $10,129,000 after acquiring an additional 2,692 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Barclays reduced their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $33.00 in a research report on Thursday, January 2nd. Finally, Mizuho dropped 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. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.47.

Invitation Homes Price Performance

Shares of NYSE INVH opened at $30.54 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The firm has a market capitalization of $18.71 billion, a P/E ratio of 43.02, a PEG ratio of 4.51 and a beta of 1.04. The company’s fifty day moving average is $32.42 and its two-hundred day moving average is $34.09.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.80%. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio is presently 163.38%.

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.