Rockefeller Capital Management L.P. Sells 1,033 Shares of Invitation Homes Inc. (NYSE:INVH)

Rockefeller Capital Management L.P. trimmed its position in Invitation Homes Inc. (NYSE:INVH) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,620 shares of the company’s stock after selling 1,033 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Invitation Homes were worth $410,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INVH. Sequoia Financial Advisors LLC increased its holdings in shares of Invitation Homes by 6.6% in the second quarter. Sequoia Financial Advisors LLC now owns 6,600 shares of the company’s stock valued at $237,000 after purchasing an additional 409 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invitation Homes by 92.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,133 shares of the company’s stock worth $435,000 after purchasing an additional 5,813 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Invitation Homes by 24.9% in the second quarter. V Square Quantitative Management LLC now owns 7,351 shares of the company’s stock worth $264,000 after purchasing an additional 1,467 shares during the last quarter. Vanderbilt University boosted its position in Invitation Homes by 8.3% during the second quarter. Vanderbilt University now owns 66,069 shares of the company’s stock valued at $2,371,000 after acquiring an additional 5,063 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Invitation Homes during the second quarter valued at about $212,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 target price on the stock. Royal Bank of Canada lowered their price objective 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. JPMorgan Chase & Co. lifted their price target on Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Evercore ISI raised their price objective 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, UBS Group lifted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Stock Down 1.1 %

Shares of Invitation Homes stock opened at $33.32 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a 50-day simple moving average of $33.67 and a 200-day simple moving average of $34.91. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 46.93, a P/E/G ratio of 5.09 and a beta of 1.03. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 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.