Invitation Homes Inc. (NYSE:INVH) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lessened its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,119 shares of the company’s stock after selling 650 shares during the period. New England Research & Management Inc.’s holdings in Invitation Homes were worth $1,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes during the 3rd quarter worth about $40,000. Assetmark Inc. grew its stake in Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after buying an additional 1,232 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Invitation Homes in the third quarter worth $49,000. Huntington National Bank raised its stake in shares of Invitation Homes by 53.2% in the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after acquiring an additional 699 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in shares of Invitation Homes during the 3rd quarter valued at $74,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on INVH. Mizuho cut their price objective 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. Barclays dropped their target price on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their price objective for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their target price on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Price Performance

Shares of INVH opened at $30.71 on Thursday. Invitation Homes Inc. has a 52 week low of $30.13 and a 52 week 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 firm has a market cap of $18.81 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 4.51 and a beta of 1.04. The stock has a 50 day moving average of $32.24 and a 200-day moving average of $33.98.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a yield of 3.78%. Invitation Homes’s payout ratio is presently 163.38%.

Invitation Homes 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.