First Trust Advisors LP raised its holdings in shares of Invitation Homes Inc (NYSE:INVH) by 274.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,138 shares of the company’s stock after purchasing an additional 130,503 shares during the period. First Trust Advisors LP’s holdings in Invitation Homes were worth $4,081,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Paloma Partners Management Co bought a new position in shares of Invitation Homes in the 2nd quarter worth approximately $2,430,000. Swiss National Bank raised its position in shares of Invitation Homes by 33.1% in the 2nd quarter. Swiss National Bank now owns 1,325,016 shares of the company’s stock worth $30,555,000 after acquiring an additional 329,700 shares in the last quarter. Land & Buildings Investment Management LLC raised its position in shares of Invitation Homes by 41.7% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 1,187,132 shares of the company’s stock worth $27,375,000 after acquiring an additional 349,200 shares in the last quarter. RVB Capital Management LLC raised its position in shares of Invitation Homes by 37.5% in the 2nd quarter. RVB Capital Management LLC now owns 550,000 shares of the company’s stock worth $12,683,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Federated Investors Inc. PA raised its position in shares of Invitation Homes by 15.3% in the 2nd quarter. Federated Investors Inc. PA now owns 342,144 shares of the company’s stock worth $7,889,000 after acquiring an additional 45,304 shares in the last quarter.
Invitation Homes stock opened at $20.83 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.47. Invitation Homes Inc has a twelve month low of $20.25 and a twelve month high of $24.30.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 2.11%. Invitation Homes’s payout ratio is currently 169.23%.
Several research analysts have recently issued reports on the company. Raymond James increased their target price on Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Zacks Investment Research lowered Invitation Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Mizuho lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $23.00 in a research report on Wednesday, November 14th. Finally, TheStreet raised Invitation Homes from a “d+” rating to a “c” rating in a research report on Tuesday, November 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Invitation Homes currently has an average rating of “Buy” and a consensus price target of $25.61.
In related news, Director Barry S. Sternlicht sold 1,309,849 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $23.55, for a total value of $30,846,943.95. Following the sale, the director now owns 5,482 shares in the company, valued at approximately $129,101.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.
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Invitation Homes Profile
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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