Metis Global Partners LLC Buys 13,269 Shares of Invitation Homes Inc. (NYSE:INVH)

Metis Global Partners LLC boosted its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,499 shares of the company’s stock after purchasing an additional 13,269 shares during the quarter. Metis Global Partners LLC’s holdings in Invitation Homes were worth $2,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INVH. Oregon Public Employees Retirement Fund increased its position in shares of Invitation Homes by 0.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after purchasing an additional 310 shares in the last quarter. GAMMA Investing LLC increased its position in Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after buying an additional 343 shares in the last quarter. CWM LLC raised its stake in Invitation Homes by 5.1% in the third quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after buying an additional 351 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in Invitation Homes by 0.9% in the second quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock worth $1,431,000 after acquiring an additional 365 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Invitation Homes by 0.6% during the third quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock worth $2,279,000 after acquiring an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on INVH shares. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Scotiabank dropped their price objective 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. The Goldman Sachs Group began coverage on Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price for the company. Deutsche Bank Aktiengesellschaft raised Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods decreased their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes has an average rating of “Moderate Buy” and an average target price of $38.80.

Invitation Homes Price Performance

NYSE:INVH opened at $33.55 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The stock’s 50-day moving average price is $34.44 and its 200-day moving average price is $35.04. The stock has a market capitalization of $20.55 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 5.16 and a beta of 1.02.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s payout ratio is currently 157.75%.

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.