Handelsbanken Fonder AB Grows Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Handelsbanken Fonder AB raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 421,425 shares of the company’s stock after purchasing an additional 42,625 shares during the period. Handelsbanken Fonder AB’s holdings in Invitation Homes were worth $13,473,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its position in Invitation Homes by 101.2% during the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock valued at $43,000 after purchasing an additional 702 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after acquiring an additional 1,232 shares during the last quarter. Center for Financial Planning Inc. bought a new stake in shares of Invitation Homes in the 4th quarter valued at about $48,000. Brooklyn Investment Group bought a new stake in shares of Invitation Homes in the 3rd quarter valued at about $49,000. Finally, Huntington National Bank lifted its stake in shares of Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after acquiring an additional 699 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 1.1 %

INVH stock opened at $31.90 on Friday. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The business’s 50 day moving average price is $31.48 and its two-hundred day moving average price is $33.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $19.54 billion, a price-to-earnings ratio of 44.92, a price-to-earnings-growth ratio of 4.63 and a beta of 1.04.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. Invitation Homes’s dividend payout ratio is 163.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INVH. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Barclays lowered their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and a consensus target price of $37.47.

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.