Empowered Funds LLC Buys 1,258 Shares of Invitation Homes Inc. (NYSE:INVH)

Empowered Funds LLC lifted its stake in Invitation Homes Inc. (NYSE:INVH) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,034 shares of the company’s stock after acquiring an additional 1,258 shares during the quarter. Empowered Funds LLC’s holdings in Invitation Homes were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Assetmark Inc. lifted its position in Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Invitation Homes in the third quarter worth about $49,000. Huntington National Bank lifted its position in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after buying an additional 699 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Invitation Homes during the 3rd quarter valued at approximately $74,000. Finally, Centaurus Financial Inc. purchased a new stake in Invitation Homes in the 3rd quarter worth approximately $107,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Down 0.5 %

Shares of INVH opened at $31.75 on Thursday. The company’s fifty day moving average is $31.53 and its 200 day moving average is $33.57. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The stock has a market capitalization of $19.45 billion, a PE ratio of 44.72, a P/E/G ratio of 4.59 and a beta of 1.04. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 163.38%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Barclays lowered their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, January 24th. Finally, Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.47.

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.