Paladin Wealth LLC Buys Shares of 1,122 Invitation Homes Inc. (NYSE:INVH)

Paladin Wealth LLC bought a new stake in Invitation Homes Inc. (NYSE:INVH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,122 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its position in shares of Invitation Homes by 5.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after purchasing an additional 36,951 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Invitation Homes by 56.4% in the first quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock valued at $6,174,000 after purchasing an additional 62,547 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Invitation Homes by 14.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock valued at $37,632,000 after purchasing an additional 131,068 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Invitation Homes in the first quarter valued at $2,635,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Invitation Homes in the fourth quarter valued at $3,482,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. UBS Group boosted their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Scotiabank reduced their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada cut Invitation Homes from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $37.00 to $36.00 in a research report on Monday, September 9th. Finally, Mizuho reduced their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Invitation Homes Trading Up 0.0 %

NYSE INVH opened at $33.76 on Tuesday. Invitation Homes Inc. has a 1-year low of $28.49 and a 1-year high of $37.80. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average of $35.58 and a 200-day moving average of $35.20. The firm has a market cap of $20.68 billion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The company had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. As a group, sell-side analysts forecast that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s payout ratio is 128.74%.

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.