HighTower Advisors LLC Has $2.51 Million Stake in Invitation Homes Inc. (NYSE:INVH)

HighTower Advisors LLC increased its position in Invitation Homes Inc. (NYSE:INVH) by 696.9% during the third quarter, Holdings Channel.com reports. The firm owned 70,866 shares of the company’s stock after buying an additional 61,973 shares during the quarter. HighTower Advisors LLC’s holdings in Invitation Homes were worth $2,508,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Invitation Homes by 767.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after acquiring an additional 4,883,564 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares during the last quarter. FMR LLC increased its holdings in Invitation Homes by 4.2% during the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after purchasing an additional 753,464 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Invitation Homes by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company’s stock worth $36,225,000 after purchasing an additional 607,163 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Invitation Homes by 450.8% in the third quarter. KBC Group NV now owns 586,832 shares of the company’s stock valued at $20,691,000 after purchasing an additional 480,291 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

INVH has been the subject of a number of analyst reports. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $37.00 to $38.00 in a report on Monday, August 26th. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Bank of America lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a research note on Tuesday, September 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Stock Down 0.3 %

Shares of NYSE:INVH opened at $33.07 on Friday. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80. 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’s 50-day moving average price is $33.60 and its 200-day moving average price is $34.88. The stock has a market capitalization of $20.26 billion, a P/E ratio of 46.58, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 26th will be paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.51%. Invitation Homes’s payout ratio 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.