Nisa Investment Advisors LLC Has $8.36 Million Stake in Invitation Homes Inc. (NYSE:INVH)

Nisa Investment Advisors LLC reduced its position in shares of Invitation Homes Inc. (NYSE:INVH) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,860 shares of the company’s stock after selling 19,685 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Invitation Homes were worth $8,355,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of INVH. Paladin Wealth LLC bought a new stake in shares of Invitation Homes in the 3rd quarter valued at approximately $40,000. Assetmark Inc. boosted its holdings in Invitation Homes by 1,664.9% in the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 1,232 shares during the period. Brooklyn Investment Group acquired a new stake in Invitation Homes in the 3rd quarter worth $49,000. Huntington National Bank increased its holdings in shares of Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after purchasing an additional 699 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in shares of Invitation Homes during the third quarter valued at about $74,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INVH. Royal Bank of Canada decreased their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their target price for the company from $41.00 to $33.00 in a research report on Tuesday. Mizuho dropped their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Invitation Homes has a consensus rating of “Hold” and an average target price of $37.75.

Invitation Homes Stock Down 0.9 %

NYSE:INVH opened at $30.46 on Friday. The stock’s fifty day moving average price is $32.55 and its two-hundred day moving average price is $34.15. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 42.91, a P/E/G ratio of 4.57 and a beta of 1.04. Invitation Homes Inc. has a 52-week low of $30.13 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.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.81%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) 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.