Invitation Homes Inc. (NYSE:INVH) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,776 shares of the company’s stock after buying an additional 754 shares during the quarter. Empowered Funds LLC’s holdings in Invitation Homes were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in 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 acquiring an additional 310 shares during the period. GAMMA Investing LLC grew its stake in shares of Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock worth $197,000 after purchasing an additional 343 shares during the period. CWM LLC increased its holdings in shares of Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock valued at $257,000 after purchasing an additional 351 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in shares of Invitation Homes by 0.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 39,868 shares of the company’s stock valued at $1,431,000 after purchasing an additional 365 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Invitation Homes by 0.6% in the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after purchasing an additional 369 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. 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 report on Friday, August 16th. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and cut their price target for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group assumed coverage on Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Evercore ISI increased their target price on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Down 0.1 %

Shares of NYSE INVH opened at $33.84 on Tuesday. The stock has a market cap of $20.73 billion, a PE ratio of 47.66, a P/E/G ratio of 5.15 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 Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. The company has a 50-day moving average of $34.10 and a 200 day moving average of $35.01.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.31%. Invitation Homes’s dividend payout ratio is presently 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.