Oppenheimer & Co. Inc. Reduces Stock Position in Invitation Homes Inc. (NYSE:INVH)

Oppenheimer & Co. Inc. reduced its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,739 shares of the company’s stock after selling 897 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invitation Homes were worth $1,084,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of INVH. Canada Pension Plan Investment Board lifted its stake in shares of Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after buying an additional 3,351,424 shares in the last quarter. Swedbank AB purchased a new stake in shares of Invitation Homes during the 1st quarter valued at approximately $16,368,000. National Bank of Canada FI lifted its stake in shares of Invitation Homes by 321.5% during the 1st quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock valued at $19,686,000 after buying an additional 431,735 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Invitation Homes during the 2nd quarter valued at approximately $13,123,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of Invitation Homes by 4,524.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 300,795 shares of the company’s stock valued at $10,796,000 after buying an additional 294,290 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INVH. UBS Group upped their price target 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. The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Scotiabank decreased their target price 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. Evercore ISI upped their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Price Performance

Shares of Invitation Homes stock opened at $34.15 on Tuesday. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 5.14 and a beta of 1.02. The company has a fifty day moving average of $34.32 and a 200-day moving average of $35.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.28%. Invitation Homes’s dividend payout ratio (DPR) is 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.