Public Sector Pension Investment Board Boosts Stock Position in Invitation Homes Inc. (NYSE:INVH)

Public Sector Pension Investment Board boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 25.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,258 shares of the company’s stock after purchasing an additional 20,362 shares during the period. Public Sector Pension Investment Board’s holdings in Invitation Homes were worth $3,500,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after buying an additional 753,464 shares during the period. Canada Pension Plan Investment Board increased its position in Invitation Homes by 0.8% during 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. Daiwa Securities Group Inc. raised its holdings in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after purchasing an additional 997,353 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Invitation Homes by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after purchasing an additional 170,374 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock valued at $231,562,000 after purchasing an additional 248,701 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of several research analyst reports. Scotiabank lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. JPMorgan Chase & Co. raised their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI upped their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Finally, Mizuho reduced their target price on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Down 0.9 %

INVH stock opened at $33.59 on Wednesday. The stock has a market capitalization of $20.58 billion, a P/E ratio of 47.31, a P/E/G ratio of 5.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80. The business has a fifty day moving average price of $33.82 and a 200-day moving average price of $34.96.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend 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.