Cinctive Capital Management LP Makes New Investment in Invitation Homes Inc. (NYSE:INVH)

Cinctive Capital Management LP bought a new stake in Invitation Homes Inc. (NYSE:INVH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 267,193 shares of the company’s stock, valued at approximately $9,421,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its stake in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock worth $28,000 after purchasing an additional 641 shares during the last quarter. Paladin Wealth LLC acquired a new position in Invitation Homes during the third quarter worth about $40,000. Family Firm Inc. purchased a new stake in Invitation Homes during the 2nd quarter valued at about $42,000. Ashton Thomas Private Wealth LLC acquired a new stake in Invitation Homes in the 2nd quarter valued at about $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes in the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Keefe, Bruyette & Woods reduced their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI increased their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada reduced 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. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Price Performance

Invitation Homes stock opened at $34.25 on Monday. The stock has a market cap of $20.98 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 5.21 and a beta of 1.02. The company has a fifty day simple moving average of $33.91 and a 200-day simple moving average of $34.98. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 12-month low of $31.01 and a 12-month high of $37.80.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 26th. 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.