Invitation Homes Inc. (NYSE:INVH) Stake Cut by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in Invitation Homes Inc. (NYSE:INVH) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,903 shares of the company’s stock after selling 348 shares during the period. Janney Montgomery Scott LLC’s holdings in Invitation Homes were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Invitation Homes by 21.0% during the 3rd 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. Daiwa Securities Group Inc. raised its stake in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock worth $40,362,000 after purchasing an additional 780,760 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INVH has been the subject of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Barclays cut their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their price objective for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes has a consensus rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Performance

INVH opened at $31.55 on Thursday. The firm has a market capitalization of $19.33 billion, a P/E ratio of 44.44, a price-to-earnings-growth ratio of 4.62 and a beta of 1.04. The stock’s 50 day moving average price is $31.71 and its two-hundred day moving average price is $33.69. 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 Inc. has a 12-month low of $30.13 and a 12-month high of $37.80.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is presently 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.