Invitation Homes Inc. (NYSE:INVH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Invitation Homes Inc. (NYSE:INVH) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,051,656 shares of the company’s stock after selling 419,545 shares during the period. Principal Financial Group Inc. owned approximately 3.27% of Invitation Homes worth $707,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of INVH. UMB Bank n.a. lifted its position in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after acquiring an additional 641 shares in the last quarter. Paladin Wealth LLC acquired a new position in Invitation Homes during the 3rd quarter worth approximately $40,000. Family Firm Inc. acquired a new position in Invitation Homes during the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new position in Invitation Homes during the 2nd quarter worth approximately $44,000. Finally, Headlands Technologies LLC acquired a new position in shares of Invitation Homes in the 2nd quarter valued at approximately $45,000. 96.79% of the stock is owned by institutional investors and hedge funds.

Invitation Homes Price Performance

Shares of INVH stock opened at $33.36 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.44 billion, a P/E ratio of 46.99, a P/E/G ratio of 4.50 and a beta of 1.02. Invitation Homes Inc. has a 12 month low of $31.01 and a 12 month high of $37.80. The stock has a 50 day moving average of $34.77 and a two-hundred day moving average of $35.06.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.36%. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

Analyst Ratings Changes

INVH has been the topic of a number of recent analyst reports. Evercore ISI upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday. Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. Scotiabank lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Finally, Bank of America downgraded 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 research note 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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.