Invitation Homes Inc. (NYSE:INVH) Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Invitation Homes Inc. (NYSE:INVH) by 450.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 586,832 shares of the company’s stock after acquiring an additional 480,291 shares during the quarter. KBC Group NV owned 0.10% of Invitation Homes worth $20,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in INVH. MQS Management LLC acquired a new position in Invitation Homes during the third quarter valued at approximately $650,000. Aigen Investment Management LP raised its stake in shares of Invitation Homes by 312.2% in the 3rd quarter. Aigen Investment Management LP now owns 23,357 shares of the company’s stock valued at $824,000 after acquiring an additional 17,690 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock valued at $125,330,000 after acquiring an additional 50,881 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Invitation Homes by 323.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,219 shares of the company’s stock worth $1,101,000 after purchasing an additional 23,847 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in Invitation Homes by 0.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 671,085 shares of the company’s stock valued at $23,662,000 after purchasing an additional 2,833 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Performance

INVH stock opened at $33.79 on Friday. The stock’s 50 day simple moving average is $34.32 and its 200 day simple moving average is $35.02. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The firm has a market cap of $20.70 billion, a P/E ratio of 47.59, a P/E/G ratio of 5.16 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.31%. Invitation Homes’s payout ratio is currently 157.75%.

Analyst Upgrades and Downgrades

INVH has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company cut Invitation Homes from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $37.00 to $38.00 in a report on Monday, August 26th. UBS Group lifted their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Scotiabank decreased their target price on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $41.00 in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

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.