Blue Trust Inc. Has $65,000 Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Blue Trust Inc. decreased its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 67.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,022 shares of the company’s stock after selling 4,160 shares during the period. Blue Trust Inc.’s holdings in Invitation Homes were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock valued at $194,621,000 after acquiring an additional 4,883,564 shares during the period. JPMorgan Chase & Co. raised its holdings in 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 during the last quarter. Daiwa Securities Group Inc. lifted its position in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares during the period. National Bank of Canada FI boosted its stake in shares of Invitation Homes by 214.5% in the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after purchasing an additional 780,760 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after purchasing an additional 753,464 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INVH. Royal Bank of Canada dropped their price target on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Finally, JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Stock Down 0.4 %

Invitation Homes stock opened at $31.78 on Tuesday. The company has a 50 day moving average of $31.46 and a 200-day moving average of $33.49. 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 twelve month low of $30.13 and a twelve month high of $37.80. The stock has a market capitalization of $19.47 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.65%. Invitation Homes’s dividend payout ratio 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.