Commerce Bank Sells 1,416 Shares of Invitation Homes Inc. (NYSE:INVH)

Commerce Bank decreased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 11.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,135 shares of the company’s stock after selling 1,416 shares during the period. Commerce Bank’s holdings in Invitation Homes were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Invitation Homes in the third quarter worth $4,876,000. Pathstone Holdings LLC raised its holdings in Invitation Homes by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 44,764 shares of the company’s stock worth $1,581,000 after purchasing an additional 1,031 shares in the last quarter. Swiss National Bank lifted its position in shares of Invitation Homes by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,817,816 shares of the company’s stock worth $64,096,000 after purchasing an additional 6,000 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Invitation Homes by 25.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 372,608 shares of the company’s stock valued at $13,139,000 after purchasing an additional 76,058 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Invitation Homes by 7.5% during the third quarter. Empowered Funds LLC now owns 10,776 shares of the company’s stock valued at $380,000 after buying an additional 754 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.9 %

INVH opened at $34.16 on Wednesday. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 5.15 and a beta of 1.02. The firm has a 50 day moving average price of $34.04 and a 200-day moving average price of $35.00. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.28%. Invitation Homes’s payout ratio is 157.75%.

Wall Street Analyst Weigh In

Several analysts have weighed in on INVH shares. JPMorgan Chase & Co. lifted their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Mizuho dropped their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. UBS Group increased their price objective on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada reduced their target price on shares of 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. Finally, Bank of America cut shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Company 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.