Invitation Homes Inc. (NYSE:INVH) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Invitation Homes Inc. (NYSE:INVHFree Report) by 1.4% during the third quarter, HoldingsChannel reports. The firm owned 208,619 shares of the company’s stock after purchasing an additional 2,934 shares during the quarter. Van ECK Associates Corp’s holdings in Invitation Homes were worth $6,611,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in INVH. Norges Bank purchased a new position in shares of Invitation Homes during the 4th quarter worth $1,127,108,000. JPMorgan Chase & Co. raised its position in shares of Invitation Homes by 78.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,553,036 shares of the company’s stock worth $569,424,000 after buying an additional 7,252,150 shares during the period. State Street Corp raised its position in shares of Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after buying an additional 3,310,121 shares during the period. Vanguard Group Inc. raised its position in shares of Invitation Homes by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock worth $3,481,574,000 after buying an additional 2,784,696 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Invitation Homes by 40.1% in the 1st quarter. Bank of America Corp DE now owns 3,483,450 shares of the company’s stock worth $108,788,000 after buying an additional 997,445 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 1.2 %

Shares of Invitation Homes stock opened at $33.07 on Friday. The business has a 50-day moving average of $33.69 and a 200-day moving average of $33.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $20.24 billion, a PE ratio of 41.86, a P/E/G ratio of 2.44 and a beta of 0.95. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $36.53.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Wednesday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 3.39%. Invitation Homes’s dividend payout ratio (DPR) is currently 141.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on INVH. BNP Paribas began coverage on Invitation Homes in a research report on Monday, January 22nd. They issued an “outperform” rating and a $39.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Invitation Homes in a research report on Tuesday, January 30th. They issued a “hold” rating and a $35.00 target price on the stock. Raymond James cut their target price on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 8th. Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $41.00 in a research report on Tuesday, January 2nd. Finally, Oppenheimer increased their price target on Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Read Our Latest Analysis on INVH

Invitation Homes Profile

(Free Report)

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.

See Also

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Institutional Ownership by Quarter for Invitation Homes (NYSE:INVH)

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