Calamos Advisors LLC Boosts Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Calamos Advisors LLC boosted its stake in Invitation Homes Inc. (NYSE:INVH) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 129,184 shares of the company’s stock after buying an additional 788 shares during the quarter. Calamos Advisors LLC’s holdings in Invitation Homes were worth $4,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the third quarter worth about $40,000. Assetmark Inc. increased its stake in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after acquiring an additional 1,232 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Invitation Homes during the 3rd quarter worth approximately $49,000. Huntington National Bank boosted its position in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after acquiring an additional 699 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Invitation Homes in the third quarter valued at $74,000. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of INVH stock opened at $31.34 on Wednesday. The company has a market capitalization of $19.20 billion, a P/E ratio of 44.14, a P/E/G ratio of 4.55 and a beta of 1.04. The company’s 50-day simple moving average is $32.02 and its two-hundred day simple moving average is $33.84. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.70%. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is 163.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INVH shares. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Royal Bank of Canada lowered their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.47.

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.