Verition Fund Management LLC Sells 122,815 Shares of Invitation Homes Inc. (NYSE:INVH)

Verition Fund Management LLC reduced its position in Invitation Homes Inc. (NYSE:INVH) by 51.8% during the third quarter, HoldingsChannel reports. The firm owned 114,315 shares of the company’s stock after selling 122,815 shares during the period. Verition Fund Management LLC’s holdings in Invitation Homes were worth $4,031,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Invitation Homes by 767.8% in the 3rd 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 purchasing an additional 4,883,564 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Invitation Homes by 9.3% in 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 last quarter. FMR LLC boosted its stake in Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Invitation Homes by 144.5% during the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock worth $36,225,000 after acquiring an additional 607,163 shares in the last quarter. Finally, KBC Group NV boosted its stake in Invitation Homes by 450.8% during the third quarter. KBC Group NV now owns 586,832 shares of the company’s stock worth $20,691,000 after acquiring an additional 480,291 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.59 on Wednesday. The firm has a 50-day moving average of $33.82 and a 200-day moving average of $34.96. The company has a market cap of $20.58 billion, a P/E ratio of 47.31, a P/E/G ratio of 5.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a one year low of $31.01 and a one year high of $37.80.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.33%. Invitation Homes’s dividend payout ratio is currently 157.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INVH. Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $37.00 to $38.00 in a research note on Monday, August 26th. Royal Bank of Canada cut their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

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.