Y Intercept Hong Kong Ltd Buys 69,177 Shares of Invitation Homes Inc. (NYSE:INVH)

Y Intercept Hong Kong Ltd boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 89.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,398 shares of the company’s stock after purchasing an additional 69,177 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Invitation Homes were worth $4,680,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invitation Homes Stock Performance

Shares of NYSE INVH opened at $31.90 on Monday. 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 stock’s 50-day moving average is $31.48 and its 200 day moving average is $33.52. The stock has a market cap of $19.54 billion, a price-to-earnings ratio of 44.92, a P/E/G ratio of 4.70 and a beta of 1.04. Invitation Homes Inc. has a 1-year low of $30.13 and a 1-year high of $37.80.

Invitation Homes Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on INVH shares. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Barclays dropped their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Hold” and a consensus target price of $37.47.

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.