Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Invitation Homes Inc. (NYSE:INVH – Free Report) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,662 shares of the company’s stock after acquiring an additional 14,277 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Invitation Homes were worth $3,665,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Invitation Homes by 16.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,600 shares of the company’s stock worth $1,189,000 after purchasing an additional 4,111 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Invitation Homes in the first quarter worth $373,000. MetLife Investment Management LLC bought a new stake in shares of Invitation Homes in the first quarter valued at $480,000. Yousif Capital Management LLC raised its stake in shares of Invitation Homes by 5.2% in the first quarter. Yousif Capital Management LLC now owns 36,134 shares of the company’s stock valued at $1,452,000 after buying an additional 1,783 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in shares of Invitation Homes during the 1st quarter valued at $225,000. Institutional investors own 96.79% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Invitation Homes from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Raymond James decreased their price objective on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. BNP Paribas assumed coverage on Invitation Homes in a report on Monday, January 22nd. They set an “outperform” rating and a $39.00 price objective on the stock. KeyCorp lifted their target price on Invitation Homes from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, January 5th. Finally, Morgan Stanley decreased their price target on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 26th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.
Invitation Homes Price Performance
Shares of Invitation Homes stock opened at $32.90 on Tuesday. The business has a 50 day moving average of $33.67 and a 200 day moving average of $33.23. Invitation Homes Inc. has a 52 week low of $28.49 and a 52 week high of $36.53. The company has a market cap of $20.13 billion, a PE ratio of 41.65, a P/E/G ratio of 2.44 and a beta of 0.95. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.53.
Invitation Homes Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Wednesday, December 27th were issued a $0.28 dividend. This is an increase from Invitation Homes’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.40%. Invitation Homes’s dividend payout ratio is 141.77%.
Invitation Homes Profile
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.
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