Pathstone Holdings LLC Acquires 1,031 Shares of Invitation Homes Inc. (NYSE:INVH)

Pathstone Holdings LLC increased its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 2.4% during the third quarter, HoldingsChannel.com reports. The fund owned 44,764 shares of the company’s stock after buying an additional 1,031 shares during the quarter. Pathstone Holdings LLC’s holdings in Invitation Homes were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Invitation Homes by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,817,816 shares of the company’s stock valued at $64,096,000 after buying an additional 6,000 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Invitation Homes by 25.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 372,608 shares of the company’s stock valued at $13,139,000 after acquiring an additional 76,058 shares during the period. Empowered Funds LLC lifted its holdings in 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 purchasing an additional 754 shares during the last quarter. CIBC Asset Management Inc boosted its position in Invitation Homes by 7.3% during the third quarter. CIBC Asset Management Inc now owns 84,276 shares of the company’s stock worth $2,972,000 after purchasing an additional 5,769 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Invitation Homes by 7.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,384 shares of the company’s stock valued at $683,000 after buying an additional 1,300 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INVH has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. UBS Group upped 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. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Scotiabank decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Finally, Evercore ISI raised their price target 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. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Invitation Homes has an average rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Up 1.3 %

Shares of NYSE:INVH opened at $34.62 on Thursday. The stock has a fifty day simple moving average of $34.00 and a two-hundred day simple moving average of $35.00. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 5.15 and a beta of 1.02. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.24%. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

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.