Global Wealth Management Investment Advisory Inc. Purchases 1,132 Shares of Invitation Homes Inc. (NYSE:INVH)

Global Wealth Management Investment Advisory Inc. increased its position in shares of Invitation Homes Inc. (NYSE:INVH) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,699 shares of the company’s stock after purchasing an additional 1,132 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Invitation Homes were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in INVH. Canada Pension Plan Investment Board boosted its holdings in Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after purchasing an additional 128,000 shares during the period. Dimensional Fund Advisors LP grew its position in Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after buying an additional 170,374 shares in the last quarter. Centersquare Investment Management LLC lifted its position in Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after purchasing an additional 384,564 shares during the period. PGGM Investments boosted its stake in Invitation Homes by 4.9% in the first quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock valued at $176,812,000 after buying an additional 232,012 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Invitation Homes by 4.3% during the first quarter. Boston Partners now owns 3,218,905 shares of the company’s stock worth $114,617,000 after purchasing an additional 132,381 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Price Performance

Shares of Invitation Homes stock traded down $0.13 on Tuesday, hitting $31.66. 83,410 shares of the company traded hands, compared to its average volume of 3,353,916. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The firm’s 50-day simple moving average is $34.91 and its 200 day simple moving average is $35.08. The company has a market cap of $19.39 billion, a P/E ratio of 44.78, a P/E/G ratio of 4.45 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s payout ratio is currently 157.75%.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of research analyst reports. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Evercore ISI raised their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Tuesday, July 30th. Finally, Scotiabank cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.90.

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.