Orion Portfolio Solutions LLC Invests $263,000 in Invitation Homes Inc. (NYSE:INVH)

Orion Portfolio Solutions LLC bought a new stake in shares of Invitation Homes Inc. (NYSE:INVH) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,461 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. lifted its position in Invitation Homes by 496.9% in the second quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC purchased a new position in shares of Invitation Homes in the third quarter worth $40,000. Family Firm Inc. bought a new stake in Invitation Homes during the 2nd quarter valued at $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in Invitation Homes during the 2nd quarter valued at $44,000. Finally, Headlands Technologies LLC bought a new stake in Invitation Homes in the 2nd quarter worth $45,000. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Trading Up 0.3 %

Shares of NYSE INVH opened at $31.72 on Friday. The firm’s 50 day moving average price is $33.50 and its 200-day moving average price is $34.83. Invitation Homes Inc. has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $19.43 billion, a PE ratio of 44.68, a P/E/G ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be given a $0.29 dividend. The ex-dividend date is Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.66%. Invitation Homes’s dividend payout ratio is 163.38%.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of analyst reports. Mizuho dropped their target price on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada dropped their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Evercore ISI raised their price target on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.70.

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.