Carnegie Lake Advisors LLC Purchases 500 Shares of Invitation Homes Inc. (NYSE:INVH)

Carnegie Lake Advisors LLC increased its position in Invitation Homes Inc. (NYSE:INVH) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,957 shares of the company’s stock after acquiring an additional 500 shares during the period. Carnegie Lake Advisors LLC’s holdings in Invitation Homes were worth $1,118,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

INVH has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Royal Bank of Canada decreased their price target 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. JMP Securities reissued a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Invitation Homes presently has an average rating of “Hold” and a consensus price target of $37.47.

Invitation Homes Trading Up 0.2 %

INVH opened at $31.67 on Tuesday. 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 stock’s 50 day moving average price is $31.79 and its 200-day moving average price is $33.73. Invitation Homes Inc. has a one year low of $30.13 and a one year high of $37.80. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 44.61, a P/E/G ratio of 4.62 and a beta of 1.04.

Invitation Homes Increases Dividend

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

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.