ING Groep NV Sells 1,285 Shares of Invitation Homes Inc. (NYSE:INVH)

ING Groep NV lessened its holdings in Invitation Homes Inc. (NYSE:INVH) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,194 shares of the company’s stock after selling 1,285 shares during the period. ING Groep NV’s holdings in Invitation Homes were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Invitation Homes in the first quarter valued at $2,635,000. National Bank of Canada FI boosted its holdings in shares of Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock worth $19,686,000 after buying an additional 431,735 shares during the period. Public Employees Retirement System of Ohio grew its stake in Invitation Homes by 2.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,106,354 shares of the company’s stock valued at $39,397,000 after buying an additional 24,219 shares during the last quarter. Bamco Inc. NY raised its holdings in Invitation Homes by 7.5% in the 1st quarter. Bamco Inc. NY now owns 1,188,224 shares of the company’s stock valued at $42,313,000 after acquiring an additional 82,863 shares during the period. Finally, Bank of Montreal Can lifted its position in Invitation Homes by 18.0% during the second quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock worth $19,566,000 after acquiring an additional 83,142 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.7 %

Shares of NYSE INVH opened at $33.79 on Friday. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 47.59, a PEG ratio of 5.16 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. 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 price of $34.32 and a two-hundred day moving average price of $35.03.

Invitation Homes Announces Dividend

The business also recently disclosed 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. This represents a $1.12 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio is 157.75%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on INVH shares. JPMorgan Chase & Co. increased their target price on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. UBS Group upped their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Scotiabank dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Finally, Mizuho decreased their target price on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Company 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.